Rapidly Expanding Tenant Successful, growing concept with six locations and more on the way.
Growing Industry In 2021 sale of cannabis exceeded $23 billion in the United States.
Top U.S. Cannabis Market Michigan is the second largest cannabis market in the U.S. with reported cannabis sales of $1.8 billion.
Recently Renovated Building Building was fully renovated in 2022, including new roof, mechanical, electrical, flooring, paint, ceiling and facade.
3.00% Annual Rental Increases Annual rent to increase by over 30% during the Base Lease Term.
10-Year NNN Leases Leases are NNN, with minimal Landlord obligations offering a passive investment opportunity.
Limited Local Competition Via Licensing Regulations A max of two dispensaries are permitted within Cadillac city limits, and surrounding townships have voted to not permit any dispensaries.
"Social District" Location Property is within Cadillac’s Social District, which allows for outdoor consumption of alcoholic beverages within the designated social boundaries of downtown, a major tourist attraction and draw for local bars & restaurants.
