Ascend Wellness Holdings 33 Munsonhurst Rd

Marcus & Millichap is pleased to offer for sale to qualified investors the opportunity to purchase the fee-simple interest in a long-term absolute net leased cannabis facility in Franklin, New Jersey. This property is part of AWH’s broader strategy to focus on limited license states and establish a strong presence in key medical and adult-use markets. The Property is on a true triple-net lease and sits on a 1.11-acre parcel of land. The lease has over 12 years of term remaining, and features attractive 3 percent annual rent escalations throughout the base term, providing investors with a boost to overall cash flows and a significant hedge against inflation.
The Property serves as a Mission Critical additional building to AWH’s sole New Jersey 120,000-square-foot cannabis grow facility across from the Property. The Property is used for additional employee offices and parking to complement their facility across the street. The site is improved with 38 surface parking spaces.