15 St Mechanic's Vineyard Haven, MA
Single-tenant, net-leased cannabis dispensary in a prime location.
Property size:
4,000 SFLot size:
0.14 AcresProperty Features for 15 St Mechanic's
General Information
- Size
- 4,000 SF
- Lot size
- 0.14 Acres
Source:
Moodyscre
Listing Agent: Eric Szczepkowski
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Nearby Similar for Sale
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.