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Description

This fully leased investment property is occupied by a diverse mix of tenants under triple-net (NNN) lease structures, providing stable cash flow and minimal landlord responsibilities. A key feature of the asset is the rare corporate guaranty from Curaleaf Holding Co., a subsidiary of Curaleaf Holdings, Inc., the largest cannabis company in the United States and a leading international provider of cannabis consumer products. The property is positioned at a signalized intersection, enhancing visibility, accessibility, and long-term intrinsic value. All leases include scheduled rental increases and multiple renewal options, supporting future income growth. The asset has also undergone a recent remodel with significant building and site improvements, further strengthening its appeal. Strategically located across from the University of Northwestern Ohio, which enrolls more than 2,600 students, and near Lima Mall, the property benefits from strong consumer traffic and a well-established retail environment. Tenants include Curaleaf, FASTSIGNS International—a leading global franchisor specializing in signage and visual communication solutions—and The Spot 419, a locally popular restaurant and nightlife destination. Situated in Lima, Ohio, the property serves a regional market centered within Allen County and benefits from the city's role as a commercial and employment hub for west-central Ohio.

Listing Details

  • Cap Rate

    8.25%

  • Tenancy

    Multi

  • Space Type

    retail

  • Sub Category

    strip-centers

  • Date Listed

    6/8/2026

  • Net Operating Income

    $211,901

  • Parking Info

    44 Spaces (3.1 Spaces per 1000 SF Leased)

  • Building FAR

    0.23

Property Specifics

  • Property Name

    Curaleaf Shops | 2151-2161 Elida Rd

  • Property Class

    C

  • No of Stories

    1

  • Year Built

    1960

  • Building Size

    14,200 SF

  • Lot Size

    1.39 Ac

  • Year Renovated

    2025

  • APN

    36-23-11-04-008.000

  • Occupancy

    100%