Parma Heights, OH 44130

AYR Wellness

Property Address

6555 Pearl Road, Parma Heights, OH, USA

Offering Summary

  • Price: $2,000,000
  • Lot Size: 1.32 Acres
  • Cap Rate: 9.0%
  • Year Built: 1984/2025
  • Building SF: 3,200
  • Status: Available
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  • High Barrier to Entry – City Approved Cannabis License – Ohio Has a Limited Number of Dispensary Licenses Available, Making the Application Process Highly Competitive
  • 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Average Household Income Exceeds $80,000 Within a 3-Mile Radius
  • 240,000+ Residents in a 5-Mile Radius (Cleveland MSA)
  • Excellent Visibility Along Pearl Road - 19,725 Cars/Day
  • Surrounded by National Retailers - Wendy’s, AutoZone, McDonald’s, Walgreens, Burger King, Taco Bell, and More
  • 1 Mile North of Cuyahoga Community College’s Western Campus
  • Down the Road from Southland Shopping Center - Giant Eagle Supermarket, Marshalls, Petco, Tuesday Morning, Gabe’s, and More
  • Strong Daytime Population - 245,170+ Employees in Surrounding Area

Broker Information