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15 St Mechanic's Vineyard Haven, MA

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For Sale
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Single-tenant, net-leased cannabis dispensary in a prime location.

Property size:
4,000 SF
Lot size:
0.14 Acres

Property Features for 15 St Mechanic's

General Information

Size
4,000 SF
Lot size
0.14 Acres

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Listing Contact
Eric Szczepkowski
Source: Moodyscre

Listing Agent: Eric Szczepkowski

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Cannabis Dispensary in Martha’s Vineyard

This single-tenant property is a net-leased cannabis dispensary located in the State Road commercial district of Martha’s Vineyard, anchored by Cronig’s grocery store. The property is in a prime location in one of New England’s coastal destinations, attracting both locals and tourists. The location is within walking distance of the ferry terminal and is situated outside of the flood plain. The current tenant signed a 10-year lease in 2021, with 2.5% annual rent escalations throughout the primary term and option periods. More than six years remain on the lease, which includes two five-year options. The lease features a 2.5% rental increase each year, including throughout the option years. The property is approximately 4000 square feet and is located at 15 Mechanic's St, Vineyard Haven, MA.
Location Intelligence

Current Use by Public Records

Retail space

Map

City
Vineyard Haven
County
Dukes
State
Massachusetts
Longitude
-70.5517789
Latitude
41.4570063

FAQs

What type of property is this?
Retail space - Single-tenant, net-leased cannabis dispensary in a prime location.
Where is this retail space located?
The property is located at 15 St Mechanic's Vineyard Haven, MA.
What are key features of this property?
This property features: - Prime location in Martha's Vineyard, a highly sought-after market with high visibility and access.; - Long-term, net-leased cannabis dispensary with 6+ years remaining on a 10-year lease.; - Attractive lease terms with 2.5% annual rent escalations, providing steady income growth.
More about this property
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