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Ascend Cannabis Dispensary
1451 Old Brodhead Rd, Monaca, PA 15061, USA
Available Now
$4,845,000
51 views
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FOR SALERetail / Convenience Store
Cap Rate
9.25%
NOI
$448,230
Building Size
7,876SF
Parking Info
95 Spaces
APN
56-011-0712.000
Lot Size
1.26ac
Listing Contacts
More property details
Year Built
1990
Year Renovated
2023
Zoning
C2
Occupancy
100%
Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease
Broker Co-op
Yes
No of Buildings
1
No of Stories
1
Units
1
Ownership
Corporate
Features & amenities
Location Amenities
Public Transportation
Commuter Rail
Airport
Location
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Ascend Cannabis Dispensary
About the location
Marcus & Millichap is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the Ascend Cannabis Dispensary located in Monaca, Pennsylvania. Situated 25 miles northwest of Pittsburgh and 16 miles from Pittsburgh International Airport, the property is part of the greater Pittsburgh metropolitan area. The offering includes a 7,876-square-foot freestanding retail building on a 1.26-acre parcel. Ascend operates under an absolute triple-net (NNN) lease, eliminating all landlord responsibilities and providing a fully passive investment. With over 11 years remaining on the lease term and 3% annual rent increases, the property offers investors a stable income stream and a strong hedge against inflation.
Location highlights
- Absolute NNN lease with annual rent increases
- 3% annual rent escalations throughout base term
- Tenant: one of the largest publicly traded cannabis companies
- Top-performing Ascend Cannabis Dispensary in Pennsylvania’s medical-only market; positioned for growth with upcoming adult-use legalization
- Near several national hotel chains
- Strong revenue performance and consistent growth
- Close to Interstate 376 with excellent visibility
- Located 25 miles northwest of Pittsburgh, PA
- Adjacent to national retailers including Arby’s, Burger King, Chick-fil-A, Dollar Tree, and Shell