STNL.com is pleased to present this 100% fee simple single-tenant Curaleaf dispensary in Frederick, MD. This 3,699/SF triple net property is conveniently located along the Urbana Pike connecting you to the nation’s largest retailers in Target, Home Depot, and
many more. Furthermore, with multiple points of egress and ingress, customers will enjoy easy access entering and leaving the premises. Additionally, Curaleaf is widely regarded as the leading cannabis operator in the nation with a footprint spanning over 145 retail stores, 17 states, and 18 cultivation sites. Curaleaf’s site in Frederick is also set to benefit from new legislation passed in 2023 legalizing the recreational use of cannabis products throughout the state of Maryland. This legislation was responsible for nearly $700M in total sales in the first year of legal recreational use of cannabis products. Furthermore, the Maryland Cannabis Landscape is set to become a Billion Dollar Industry by 2025.
The remaining term on this single tenant offering is 14-years in length and runs through September of 2037. The lease also calls for three percent (3%) annual rent increases. Through the balance of the lease the owner will enjoy an 8.05% blended CAP rate. This property can be acquired for $5,340,000.00.