Retail

Pleasantrees

Prudenville, Michigan

Asking Price Cap Rate

$2,482,102 10.00%

Average Cap Rate Over Base Term

11.65%

Lease Type

Absolute NNN

Year Renovated

2021

Rental Increases

2.50% Annual

Lot Size

0.97 AC

Building Size

4,158 SF

INVESTMENT HIGHLIGHTS

Long-Term, Absolute NNN Lease with 2.50% Annual Increases
Strong Performing Location | Healthy Rent-to-Sales Ratio (Please Contact Broker for More Details)
Recent Renovations | Interior/Exterior Renovations, Resurfacing of the Parking Lot, Replacing the A/C Units
Vertically Integrated Cannabis Operator

Located in Regional Shopping Center | Walmart Supercenter, The Home Depot, O'Reilly Auto Parts, McDonald's and many more
Strong Access & Visibility | W Houghton Lake Dr - 11,755 VPD
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

Managing Director
iharf@northmarq.com

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