Retail    

Gage (TerrAscend) Dispensary

 Traverse City, MI

 

Price:
$2,490,933

Cap Rate:
9.00%

Avg. Cap Rate:
9.77%

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Lease Type

Abs NNN

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Year Renovated

2021

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Building Size

2,400 SF

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Lot Size

0.26 AC

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2022 Avg HHI

$92,075 (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 2.33% Annual Rent Escalations
  • Growing Industry | FYE 2021 Sales - $26.5+ Billion
  • Dominant Michigan Cannabis Operator | Exclusively Operates in the State of Michigan
  • Best-in-Class Operator | TerrAscend Corporation - TER.CN: TRSSF
  • Vacation Destination & Tourism | 3.3M Visitors Annually | $1.23B in Economic Activity

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   

Northmarq

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Chicago, IL 60601


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