Gage (TerrAscend) Dispensary | 1025 Hannah Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Gage (TerrAscend) Dispensary 1025 Hannah Ave
2,400 SF Retail Building Traverse City, MI 49686 $3,701,802 CAD ($1,542 CAD/SF) 9% Cap Rate
Investment Highlights
- Absolute NNN Lease with Annual Increases
- Dominant Michigan Cannabis Operator
- Top U.S. Cannabis Market
- Best-in-Class Operator
- Growing Industry
- Vacation Destination & Tourism
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Gage property located in Traverse City, Michigan (the “Property”). Gage is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease also features 2.33% annual rent escalations throughout the base and option terms, providing investors with a boost to overall cash flows and a significant hedge against inflation. See Lease Abstract for full details.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,400 SF
Building Class
B
Year Built
2021
Price
$3,701,802 CAD
Price Per SF
$1,542 CAD
Cap Rate
9%
NOI
$333,162 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Land Acres
0.26 AC
Zoning
B-1
Parking
6 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
111 ft on Hannah Avenue
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
Parcel Number | 51-778-104-10 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $477,663 CAD |
PROPERTY TAXES
Parcel Number
51-778-104-10
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$477,663 CAD
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Gage (TerrAscend) Dispensary | 1025 Hannah Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.