Ascend Cannabis Dispensary — Absolute NNN Lease | 9.25% Cap | Corporate Guarantee

1451 Old Broadhead Rd, PA, 15061

Executive Summary

Ascend Cannabis Dispensary in Monaca, Pennsylvania is up for sale. This is a fully passive, absolute NNN investment opportunity backed by a publicly traded corporate tenant.

Located just 25 miles northwest of downtown Pittsburgh and 16 miles from Pittsburgh International Airport, the property sits in a thriving retail corridor with national brand co-tenancy and consistent consumer traffic. Ascend operates as a top-performing dispensary within Pennsylvania’s medical-only program, with adult-use legalization expected to further strengthen performance and asset value.

The lease structure is fully net (zero landlord obligations) and provides 3% annual rent escalations throughout the term, offering investors reliable income growth and long-term security. With exceptional visibility, strong operator credit, and a corporate guarantee, this asset represents a premier opportunity for investors seeking stable, inflation-protected returns in the cannabis retail sector

Opportunity Details

• $4,718,000 ($599.04/SF) 9.50% Cap Rate

• Type: Retail / Net Lease

• Subtype: Storefront / Cannabis Dispensary

• Investment Type: Absolute NNN

• Tenant: Ascend Wellness Holdings (AWH) – Corporate Guarantee

• Lease Term: 13.1 years | Remaining Term: 11.4 years

• Lease Commencement: 02/10/2024 | Expiration: 02/28/2037

• Lease Options: Two (2) x 5-Year Options

• Square Footage: 7,876 SF (Net Rentable)

• Lot Size: 1.26 Acres

• Year Built: 1990 | Renovated: 2023

• Stories: 1 | Buildings: 1 | Units: 1

• Zoning: C-2 (Commercial)

• Parking: 95 spaces

• Occupancy: 100% (since 02/10/2024)