---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-060285"
form_type: "8-K"
ticker: "ZDPY"
cik: "0001279620"
company_name: "Zoned Properties, Inc."
filed_at: "2024-07-10T23:59:59+00:00"
generated_at: "2026-05-31T21:58:53.124001+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zoned Properties acquires Surprise, AZ property; annualized rental revenue reaches $3M

## Summary
- Acquired property in Surprise, AZ for ~$1.60M including purchase price, closing costs, and developer improvements.
- Obtained $1.62M non-recourse construction loan from a private family office lender (12% interest, 5-year term).
- Property leased to Sunday Goods under absolute-net lease with 13.4% effective cap rate and $350K annual base rent (3% annual increases).
- Tenant improvement allowance of $1.0M provided for Sunday Goods to build retail dispensary.
- Transaction marks milestone of $3M total annualized rental revenue across portfolio.

## SEC filing metadata
- accession: 0001213900-24-060285
- form_type: 8-K
- ticker: ZDPY
- cik: 0001279620
- company_name: Zoned Properties, Inc.
- filed_at: 2024-07-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1279620/000121390024060285/0001213900-24-060285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1279620/000121390024060285/ea0208751-8k_zoned.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-060285
- JSON: https://secwatch.observer/filing/0001213900-24-060285.json
- Plain text: https://secwatch.observer/filing/0001213900-24-060285.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.