Off The Charts

• High-Yielding Investment – Offered at an attractive 10.00% Year 1 in-place cap rate, the property provides investors with strong current cash flow and a yield premium compared to many traditional net lease investments.
• Built-In Rental Growth – The lease features 3.00% annual rent escalations, providing predictable income growth, increasing NOI over the lease term, and helping offset inflationary pressures.
• Limited Landlord Responsibilities – Structured as a NN lease, the tenant is responsible for real estate taxes, insurance, utilities, maintenance, HVAC, and day-to-day operations. The property has also benefited from recent capital improvements, including a new TPO roof, reducing near-term ownership costs.
• Established Multi-State Cannabis Operator – The property is leased to Off The Charts, an experienced cannabis retailer with 38+ locations across California, New Jersey, and Ohio. The company continues to expand its footprint in key regulated markets.
• Excellent Visibility & Accessibility – The property features dual frontage along New Jersey Avenue and W. Absecon Boulevard (U.S. Route 30), a major transportation corridor connecting Atlantic City with Philadelphia and the surrounding Mid-Atlantic region, providing strong visibility and convenient access.
• Strong New Jersey Cannabis Fundamentals – New Jersey remains one of the strongest cannabis markets on the East Coast, with more than $3.6 billion in cumulative sales since adult-use legalization. Continued year-over-year sales growth highlights strong consumer demand and market maturity.
• Significant Barriers to Entry – Strict zoning regulations, licensing requirements, setback restrictions, and local approval processes create meaningful barriers to entry, making compliant cannabis retail locations increasingly difficult to secure.
• Strategic South Jersey Location – Located within Absecon’s primary commercial corridor and approximately 10 minutes from Atlantic City, the property benefits from access to a large regional population base, major employment centers, and one of the East Coast’s premier tourism destinations.