15 Mechanic's St Vineyard Haven, MA
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Single-tenant, net-leased cannabis dispensary in a prime location.
Type:RETAIL
Property size:
4,000 SFLot size:
0.14 Acres- Added:
- Dec 9, 2024
- Days on Market:
- 480
- Last Refresh:
- Apr 1 at 10:22 pm
Property Features for 15 Mechanic's St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.14 Acres
- Property subtype
- RETAIL
Listing agent Eric Szczepkowski (617) 454-4460
Listing office Tri Town Commercial Advisors (617) 454-4460
Listing date Dec 9, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Tri Town Commercial Advisors
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
- -70.5518
- Latitude
- 41.457
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 Mechanic's St 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.
