{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-018355","form_type":"8-K","ticker":"ZDPY","cik":"0001279620","company_name":"Zoned Properties, Inc.","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.664898+00:00","generated_at":"2026-06-05T06:14:52.875240+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Zoned Properties to acquire Surprise, AZ property for ~$1.75M, lease with Sunday Goods at 12.7% cap rate","bullets":["Total investment of ~$1.75M includes purchase price, closing costs, and seller improvements; $1.0M tenant improvement allowance for Sunday Goods.","Absolute net lease with 15-year term, 3% annual rent increases, yielding ~$372k annual base rent (12.7% cap rate straight-lined).","Final cannabis approvals received from City of Surprise for retail dispensary operation.","Arizona cannabis market strong, over $1.2B sales in 2023; Surprise ranked top for young homebuyers."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-018355","json":"https://secwatch.observer/filing/0001213900-24-018355.json","markdown":"https://secwatch.observer/filing/0001213900-24-018355.md","text":"https://secwatch.observer/filing/0001213900-24-018355.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1279620/000121390024018355/0001213900-24-018355-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1279620/000121390024018355/ea0200886-8k_zonedpro.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T06:14:52.875240+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aead4167a01d7596b4a1704a3f9e0321bc1ec48f","claim":"Zoned Properties, Inc. entered into Licensed Cannabis Facility Absolute Net Lease Agreement with The Pharm, LLC (Sunday Goods) valued at 15-year term with four 5-year renewal options; base rent $25,000 per month initial escalating to $37 (effective 2024-01-02).","evidence_excerpt":"On January 2, 2024, ZP Holdings entered into a contingent Licensed Cannabis Facility Absolute Net Lease Agreement (the “Sunday Goods Lease”), with a commencement date contingent upon the satisfaction of various contingencies to the Sunday Goods Lease, by and between ZP Holdings, as landlord, and The Pharm, LLC (“Sunday Goods”), as tenant.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1279620/000121390024018355/0001213900-24-018355-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"The Pharm, LLC (Sunday Goods)"},{"label":"Value","value":"15-year term with four 5-year renewal options; base rent $25,000 per month initial escalating to $37"},{"label":"Effective","value":"2024-01-02"}],"fact_type":"material_agreement"},{"claim_id":"f9ff87bfe98f6b1df74869f6c9de67c4a0479449","claim":"Zoned Properties, Inc. entered into Purchase and Sale Agreement and Joint Escrow Instructions with NWC Dysart & Bell LLC valued at Purchase price $1,100,000; seller's work reimbursements up to $600,000; earnest money $97,500 (effective 2023-01-23).","evidence_excerpt":"Previously, on January 23, 2023, ZP Holdings entered into a Purchase and Sale Agreement and Joint Escrow Instructions, by and between NWC Dysart & Bell LLC (the “Seller”) and ZP Holdings as the buyer.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1279620/000121390024018355/0001213900-24-018355-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"NWC Dysart & Bell LLC"},{"label":"Value","value":"Purchase price $1,100,000; seller's work reimbursements up to $600,000; earnest money $97,500"},{"label":"Effective","value":"2023-01-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}