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| Price $2,611,556 | Built/Renov 1946/2021 | Tenant Gage Dispensary |
| Cap Rate 9.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
2,400
| Lease Start
08-26-2020
| #Units
19
|
| Price/SF $1,088.15 | Expiration
08-31-2035
| Tenant Type General Retail |
| NOI $235,040 | R. Term 10.9 | Ownership Fee Simple |
| Rent/SF
$97.93
| Increases 2.3%/1/yrs | Pop 5Mi 46,255 |
| Lot/AC 0.26 | Options 2/10yrs/2.33% | AHHI 5Mi $92,075 |
| | |
The subject property is situated along Hannah Avenue (14,102 VPD) in a strong retail trade area, with many national retailers within proximity to the site. Additionally, the property benefits from desirable demographics with 46,255 residents within a 5-mile radius and average household incomes exceeding $92,000. Traverse City is a city in the northern Michigan region and the county seat of...
...Recent renovation
Near major nationals
Strategically located
Strong tenant synergy
Highway close
Affluent suburb location
Absolute NNN
Annual rent increases
Corporate Guarantee
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 : | 5,835 | 29,020 | 47,189 |
| 2023 Total Population : | 5,813 | 28,586 | 46,420 |
| 2023 Employed Civilian Pop : | 3,384 | 15,177 | 24,565 |
| 2023 Total Businesses : | 752 | 3,550 | 4,291 |
| 2023 Average Household Income : | $ 73,396 | $ 79,960 | $ 85,673 |
| 2023 Total Consumer Spending : | $ 183 M | $ 963 M | $ 1577 M |
| 2023 Median Age : | 41 | 44 | 45 |
| 2023 Total Households : | 2,835 | 13,834 | 21,254 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,348 | 6,215 | 10,164 |
| 2023 Average Home Value : | $ 373,574 | $ 406,194 | $ 396,515 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S Garfield Ave | Fern St | 2021 | 3,413 | 0.07 mi |
| CR 611 | Centre St | 2021 | 16,451 | 0.21 mi |
| BETWEEN CENTRE AND KELLEY (IN TRAVERSE CITY) | Kelley St | 2021 | 3,611 | 0.27 mi |
| CR 611 | Webster St | 2021 | 6,614 | 0.36 mi |
| BETWEEN CENTRE AND CARVER (IN TRAVERSE CITY) | Carver St | 2021 | 13,223 | 0.45 mi |
| BETWEEN BARLOW AND GRANT (IN TRAVERSE CITY) | Grant St | 2021 | 16,295 | 0.46 mi |
| S Garfield Ave | Fern St | 2021 | 7,988 | 0.52 mi |
| BETWEEN COCHLIN AND HAMILTON (IN TRAVERSE CITY) | Hamilton St | 2021 | 6,833 | 0.56 mi |
| E OF HASTINGS W OF AIRPORT ACCESS | Terrace Dr | 2021 | 13,599 | 0.58 mi |
| US 31;M 72 | Garfield Ave | 2021 | 24,813 | 0.62 mi |
Jupiter, FL
Cap Rate 8.50%
Lease Abs NNN
R. Term 6.20 yrs
Size/SF 3,120
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
