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Property profile & analytics
FOR SALE
Drug stores

590 W Plank Rd Altoona, PA 16602

10,606 SF Built 2020
Property ID
US73-Q013032
Property summary
AI-generated overview

Introducing an outstanding investment opportunity at Zen Leaf Dispensary located at 590 W Plank Road, Altoona, Pennsylvania. This single-tenant property boasts a corporate-guaranteed lease with 7 years remaining and 2% annual rent increases. Zen Leaf, backed by Verano Holdings Corp, a leading cannabis operator, demonstrates commitment with 4 options to extend the lease. As part of the rapidly growing U.S. cannabis industry, Verano operates in 13 states across 132 retail stores, making it a top 5 MSO by revenue. With strong financials and a robust EBITDA margin, this property offers a lucrative investment opportunity. The lease structure includes limited landlord responsibilities, making it an ideal, passive investment for out-of-state investors. Don't miss out on this exclusive opportunity to own a piece of the thriving cannabis industry while enjoying a hassle-free landlord experience. Contact us today to secure your investment in this premier property.

Property profile
Verified
Property type Drug stores
Year built 2020
Total area 10,606 SF
UPID US73-Q013032
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Zen Leaf - Altoona Pharmacy
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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