+/- 1,295 SF Retail Dispensary

1295 SF Retail Dispensary of Marijuana


15.64% + Annualized Return

710 W Elliot Road

710 W Elliot Road | Tempe | AZ

710 W. Elliot Rd Tempe AZ is a +/- 10312 SF building that currently has a 1295 SF Retail Dispensary of Marijuana operated by Harvest along with 9017 SF of space occupied by other tenants.

It is located in a high demand market strategically located in Tempe near intersection of S Kyrene Rd and W Elliot Rd. APN# 309-90-011. Zoning PPC-1

Annual sales revenue in operating Dispensaries in the Group exceed $5.1 Million annually.

  • Bank Financing Is available – First Fidelity
  • 60% Loan – 5% Interest Rate
  • 15 Year Amortization Schedule – 7 Year balloon
  • Purchase Price: $3,000,000
  • 10% CAP NNN Lease
  • 2.5% per year Lease Escalator
  • 2.5% per year add to Purchase price on Tenant buy-back option first 5 yrs – 1.5% thereafter
  • 10/10 year or 20 year Lease
  • APN# 309-90-011 Zoning PPC -1

Thank you for your interest in Modern Flower properties. Our properties feature an above market cap rate starting at 10.5% + on all properties. To view more information including the offering memorandum and financials, please click the “more information” button and a member from the Modern Flower team will reach out to you at our earliest convenience. Thank you.


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