1451 Old Brodhead Rd Monaca, PA 15061

This exceptional investment opportunity presents a fee-simple interest in a thriving Ascend Cannabis Dispensary located in Monaca, Pennsylvania, a prime location within the Pittsburgh metropolitan area, just 25 miles northwest of Pittsburgh and 16 miles from the international airport. The property boasts a 7,876-square-foot freestanding retail building situated on a 1.26-acre lot, offering ample parking with 95 spaces. Built in 1990 and renovated in 2023, the building operates under a 13.1-year Absolute NNN lease (12.3 years remaining) with Ascend Wellness Holdings Inc., a major publicly traded cannabis company, ensuring minimal landlord responsibilities. The lease features attractive 3% annual rent increases, providing a strong hedge against inflation and consistent cash flow growth. The current annual net operating income (NOI) is $435,175, resulting in an 8.00% cap rate and a price per square foot of $690.67. The property is zoned C-2 and includes two 5-year lease options. Its strategic location near major roadways, including Interstate 376, and proximity to numerous national retail chains like Arby's, Burger King, Chick-fil-A, Dollar Tree, and Shell, ensures high visibility and strong consumer traffic. This is a truly passive investment asset with significant long-term potential in a rapidly expanding market. The property's address is 1451 Old Brodhead Rd, Monaca, PA 15061, with APN 56-011-0712.000. Asking price is $5,439,688.