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| Price $7,065,622 | Built/Renov 1985/2020 | Tenant Gage Dispensary |
| Cap Rate 9.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
46,400
| Lease Start
10-23-2020
| #Units
19
|
| Price/SF $152.28 | Expiration
08-31-2035
| Tenant Type General Retail |
| NOI $635,906 | R. Term 10.9 | Ownership Fee Simple |
| Rent/SF
$13.70
| Increases 2.3%/1/yrs | Pop 5Mi 391,137 |
| Lot/AC 1.52 | Options 2/10yrs/2.33% | AHHI 5Mi $77,323 |
| | |
The Gage Dispensary property is situated along Academy Street in a strong retail trade area, with many national retailers within a close proximity to the site. The dispensary sits within a growing area with direct access to Interstate 75 (179,000 VPD). Directly north of the Gage Dispensary property sit two large Amazon delivery stations, and directly south of it sits a Meijer Grocer as well as...
...Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Strong demographics
Strong sales history
Absolute NNN
Annual rent increases
Corporate Guarantee
Publicly traded company
Gage is a dominant dispensary operator throughout the state of Michigan. In addition to dispensary locations, Gage operates cultivation and processing facilities. Gage’s portfolio includes city...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 15,294 | 136,434 | 389,748 |
| 2023 Total Population : | 15,259 | 137,072 | 389,970 |
| 2023 Employed Civilian Pop : | 9,082 | 69,769 | 178,316 |
| 2023 Total Businesses : | 754 | 4,951 | 12,350 |
| 2023 Average Household Income : | $ 79,297 | $ 87,497 | $ 80,246 |
| 2023 Total Consumer Spending : | $ 522 M | $ 4741 M | $ 11516 M |
| 2023 Median Age : | 38 | 40 | 40 |
| 2023 Total Households : | 7,556 | 62,154 | 164,313 |
| 2023 Pop Age 25+: Bachelor's Degree : | 3,329 | 24,390 | 56,906 |
| 2023 Average Home Value : | $ 202,926 | $ 234,900 | $ 220,086 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W 9 Mile Rd | Powell Ave | 2013 | 9,264 | 0.31 mi |
| BETWEEN BONNER AND HILTON (IN FERNDALE) | Bonner St | 2021 | 10,325 | 0.33 mi |
| W 9 Mile Rd | S Chrysler Dr | 2015 | 16,165 | 0.43 mi |
| Hilton Rd | University St | 2015 | 5,290 | 0.44 mi |
| S Chrysler Dr | W 9 Mile Rd | 2015 | 11,221 | 0.45 mi |
| W 9 Mile Rd | I- 75 | 2015 | 17,206 | 0.45 mi |
| 100 FEET N OF 9 MILE (IN FERNDALE) | Vester St | 2021 | 13,861 | 0.45 mi |
| W 9 Mile Rd | I- 75 | 2015 | 16,188 | 0.48 mi |
| N Chrysler Dr | W 9 Mile Rd | 2015 | 6,219 | 0.50 mi |
| TO 9 MILE ROAD VIA S I-75 SD (CHRYSLER DR) | Breckenridge Ave | 2021 | 5,934 | 0.50 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
