Retail    

Gage (TerrAscend) Dispensary

 Traverse City, MI

 

Price:
$2,552,089

Cap Rate:
9.00%

Avg. Cap Rate:
10.25%

Icons_AbsNNN-Icon

Lease Type

Abs NNN

Icons_YrBuilt-Hammer-Icon

Year Renovated

2021

Icons_BuildSize-SqFt-Icon

Building Size

2,400 SF

Icons-Acreage

Lot Size

0.26 AC

Icons_AvgHHI-Icon

2022 Avg HHI

$92,075 (5 Mi)

Icons_Growth

Growing Industry

FYE 2021 - $26.5B+

For more details on this exclusive listing

DOWNLOAD OM

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • New 12-Year Term, Absolute NNN Lease | Rare 2.33% Annual Rent Escalations
  • Strong Guaranty | Parent Company - TerrAscend Corporation - TER.CN: TRSSF
  • Dominant Michigan Cannabis Operator | Gage Exclusively Operates in the State of Michigan
  • 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

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   

Josh Dicker

Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

Sam Ray

Analyst
  sray@northmarq.com   

Northmarq

303 E Wacker Dr, Suite 1111
Chicago, IL 60601


northmarq.com

©2023 Northmarq
Privacy Policy Terms & Conditions