Retail    

Lume Cannabis

 Holly, MI

Asking Price

$3,333,333

Cap Rate

8.25%

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Lease Type

Absolute NNN

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Year Built

2023

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Building Size

1,800 SF

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Lot Size

0.77 AC

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Renewal Options

3 x 5-year

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Long-Term Absolute Net Lease | 14+ Years of LTR | Zero Landlord Responsibilities
  • Attractive Future Rent Escalations
    | Years 1-10: 2.00% Annually | Years 11-15: 1.25% Annually
  • Corporate Guaranty | Lume Holding Company
  • Limited License City | One of Two Licenses Allowed in Holly
  • Excellent Access & Visibility | Grange Hall Road: 13,200+ VPD
  • Largest Single-State Operator in the Country
  • Proximity to US Highway 75 | 57,200+ VPD

Exclusively Listed By

Christian Tremblay

Vice President
  ctremblay@northmarq.com      +1 201.919.6148

Robin Borgeson

Associate
  rborgeson@northmarq.com      +1 847.867.0087

BJ Feller

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

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com   

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Jack Collins

Associate Vice President
  jcollins@northmarq.com   

Josh Dicker

Senior Associate
  jdicker@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

Sam Ray

Analyst
  sray@northmarq.com   

Northmarq

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Chicago, IL 60601


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