Hive Dispensary | Strong Retail Synergy

Highlights:

• Attractive Cap Rate: Offered at a compelling 8.50% cap rate.
• Long Lease Term: +10 years remaining on the base term, providing stable income for passive investors.
• New Roof: Roof replaced in 2025, reducing near-term capital expenditure needs.
• Recent Lease Extension: In July 2025, the tenant signed an amendment adding 3 additional years to the lease term, showing their commitment to this location.
• Former Bank Branch with Drive-Thru: Includes a fully functional drive-thru, enabling higher sales potential beyond in‑store purchases. The former bank layout is not only ideal for a cannabis dispensary but also allows for diverse future reuse opportunities.
• Large Lot: Situated on a 1.37-acre parcel, offering strong long-term real estate value and future redevelopment potential.
• Strong Retail Synergy: Located just over 1,000 feet from Monroe Marketplace, a +372,794 SF lifestyle center anchored by Giant & Kohl’s, shadow-anchored by Target, and featuring top junior anchors including TJ Maxx, Dick’s Sporting Goods, Ross Dress for Less, Five Below, Best Buy, and Old Navy. Also, less than 2 miles from Susquehanna Valley Mall. Other nearby national retailers include McDonald’s, Arby’s, AutoZone, Aldi, Lowe’s, Starbucks, and Dunkin’.
• Limited Competition: The property benefits from limited cannabis retail competition, with only one competitor nearby and the next closest located over 12 miles away.
• Strong Cannabis Market: Pennsylvania’s cannabis market continues to show robust growth, with sales increasing year-over-year since January 2020. Dispensaries have generated $7.8 billion in total sales to date.

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