Retail    

Pleasantrees

 Prudenville, Michigan

 

Asking Price        Cap Rate

$2,482,102         10.25%

 

Average Cap Rate Over Base Term

11.78%

Icons_AbsNNN-Icon

Lease Type

Absolute NNN

Icons_YrBuilt-Hammer-Icon

Year Renovated

2021

SalesGrowth-Icon

Rental Increases

2.50% Annual

Outparcel-White-Icon

Lot Size

0.97 AC

Icons_BuildSize-SqFt-Icon

Building Size

4,158 SF

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

  • Long-Term, Absolute NNN Lease with 2.50% Annual Increases
  • Strong Performing Location & Recent Renovations
  • Leading State Cannabis Market
  • Vertically Integrated Cannabis Operator
  • Located in Regional Shopping Center
  • Strong Access & Visibility
  • Popular Resort and Vacation Destination

Exclusively Listed By

Christian Tremblay

Vice President
  ctremblay@northmarq.com      +1 201.919.6148

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   

Blaise Bennett

Associate Vice President
  bbennett@northmarq.com   

Josh Dicker

Senior Associate
  jdicker@northmarq.com   

Sam Ray

Associate
  sray@northmarq.com   

Ian Swindle

Analyst
  iswindle@northmarq.com   

Northmarq

303 E Wacker Dr, Suite 1111
Chicago, IL 60601


northmarq.com

©2024 Northmarq
Privacy Policy Terms & Conditions