1025 Hannah Ave - Freestanding FOR SALE


Traverse City, MI 49686
$2,611,556 USD
201-919-6148
1025 Hannah Ave, Traverse City, MI for Sale
$2,611,556 USD
Freestanding - FOR SALE
1/4
null | 9% Cap Rate

1025 Hannah Ave
Traverse City, MI 49686


HIGHLIGHTS

  • Absolute NNN Lease with Annual Increases
  • Best-in-Class Operator
  • Dominant Michigan Cannabis Operator
  • Growing Industry
  • Top U.S. Cannabis Market
  • Vacation Destination & Tourism

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Gage property located in Traverse City, Michigan (the “Property”). Gage is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease also features 2.33% annual rent escalations throughout the base and option terms, providing investors with a boost to overall cash flows and a significant hedge against inflation. See Lease Abstract for full details.

FOR SALE DETAILS

PRICE

$2,611,556 USD

PRICE/SF

$1,088 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gage (TerrAscend) Dispensary

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

B-1

APN/PARCEL ID

51-778-104-10

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.