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(Gage - TerrAscend Parent Company)

 Kalamazoo, MI

 

Price:
$2,916,667

Cap Rate:
9.00%

Avg. Cap Rate:
10.25%

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Lease Type

Absolute NNN

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Year Renovated

2020

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Building Size

6,172 SF

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Lot Size

0.45 AC

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2022 Population

147,564+ (5 MI)

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Growing Industry

FYE 2021 Sales - $26.5+ Billion

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • New 12 Year-Term, Absolute NNN Lease with Annual Increases | Annual 2.33% Rent Escalations
  • Best-in-Class Operator | TerrAscend Corporation TER.CN: TRSSF
  • Cookies Branded Location | Highly Recognized Brand in Cannabis Space
  • Growing Industry | FYE 2021 Sales - $26.5+ Billion
  • Top U.S. Cannabis Market | Second-Largest Cannabis Market in the U.S.
  • College Town | Kalamazoo College & Western Michigan University
  • Strong Performing Location

Exclusively Listed By

Christian Tremblay

Vice President
  ctremblay@northmarq.com      +1 201.919.6148

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com      +1 773.963.2637

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   
Michigan Broker #6506047670

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Jack Collins

Senior Associate
  jcollins@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Josh Dicker

Senior Analyst
  jdicker@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

Sam Ray

Analyst
  sray@northmarq.com   

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