Retail    

Gage Dispensary

Parent Company – TerrAscend Corp. (Publicly Traded)

 Lansing, MI

 

Price:
$2,644,748

Cap Rate:
7.75%

Avg. Cap Rate:
8.54%

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Lease Type

Abs NNN

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Year Renovated

2019

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Building Size

3,430 SF

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Lot Size

1.35 AC

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2022 Avg HHI

$70,134 (5 Mi)

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Growing Industry

FYE 2021 - $26.5B+

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease | Rare 2.75% Annual Rent Escalations
  • Outparcel to Kroger at Signalized Intersection | 38K+ VPD
  • 5 Miles from Michigan State University | 37K+ Students
  • Growing Industry | FYE 2021 Sales - $26.5B+
  • Dominant Michigan Cannabis Operator | Exclusively Operates in the State of Michigan
  • Best-in-Class Operator | TerrAscend Corporation - TER.CN: TRSSF

Exclusively Listed By

Christian Tremblay

Vice President
  ctremblay@northmarq.com      +1 201.919.6148

Isaiah Harf

Managing Director
  iharf@northmarq.com      +1 773.963.2637

BJ Feller

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

Blaise Bennett

Associate Vice President
  bbennett@northmarq.com   

Mark Lovering

Senior Associate
  mlovering@northmarq.com   

Andy Gatchell

Senior Associate
  agatchell@northmarq.com   

Josh Dicken

Senior Analyst
  jdicker@northmarq.com   

Nick O'Brien

Analyst
  nobrien@northmarq.com   

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