831 Highview Dr - Storefront FOR SALE


Webberville, MI 48892
$1,769,323 USD
201-919-6148
831 Highview Dr, Webberville, MI for Sale
$1,769,323 USD
Storefront - FOR SALE
1/4
null | 9.97% Cap Rate

831 Highview Dr
Webberville, MI 48892


HIGHLIGHTS

  • Absolute NNN Lease with Annual Increases
  • Adjacent to ALDI's Only Distribution Facility in MI
  • Best-in-Class Tenant
  • Incredibly Health Rent to Sales
  • Recently Constructed Buidling

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the High Profile Cannabis Dispensary property located in Webberville, Michigan (the “Property”). The Property consists of a 3,192-square-foot freestanding retail building on a 1.01-acre parcel of land. High Profile Cannabis is operating under an absolute net lease with zero landlord responsibilities and approximately 7 years, 2 months of base lease term remaining. The lease features 2.25% annual rent escalations throughout the base and two (2) 5-year option terms, providing investors with a boost to overall cash flows and a significant hedge against inflation.

FOR SALE DETAILS

PRICE

$1,769,323 USD

PRICE/SF

$554 USD /SF

CAP RATE

9.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High Profile Cannabis Dispensary

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

-

APN/PARCEL ID

43-08-10-400-037

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.