Zoned Properties agrees to sell three Arizona properties for $9M to tenant Broken Arrow Herbal Center

Zoned Properties, Inc.

Sale price $9.0M: $8M for Chino Valley, $500K each for Kingman and Green Valley properties.
Terms: $4M cash at closing plus $5M promissory note secured by deed of trust.
Closing scheduled June 30, 2026; buyer can extend to Aug 31 or Sept 30, 2026.
Purchaser currently leases these properties under Amended Absolute Net Leases dated Jan 1, 2026.
Deposit of $400K required; $100 is independent contract consideration to Seller.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Zoned Properties, Inc. entered into Real Estate Purchase and Sale Agreement with Broken Arrow Herbal Center, Inc. valued at $9.0 million (effective 2026-04-20).

Action: entry
Agreement: asset purchase
Counterparty: Broken Arrow Herbal Center, Inc.
Value: $9.0 million
Effective: 2026-04-20

Exact text from the filing

On April 20, 2026, Zoned Properties, Inc. (the “Company”) through its wholly owned subsidiaries, Green Valley Group, LLC, an Arizona limited liability company, Kingman Property Group, LLC, an Arizona limited liability company, and Chino Valley Properties, LLC, an Arizona limited liability company (collectively, the “Seller”), entered into a Real Estate Purchase and Sale Agreement (the “Purchase Agreement”) with Broken Arrow Herbal Center, Inc., an Arizona corporation (the “Purchaser”), pursuant to which the Seller agreed to sell to the Purchaser three properties

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Zoned Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-046596

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