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Views: 76 DOM: 154 Updated: 09.16.24 Posted: 06.20.24 Status: Active

Summary

Price $1,769,323
Built/Renov 2021
Tenant High Profile
Cap Rate 9.97%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,192
Lease Start 10-01-2021
#Units 24
Price/SF $554.30
Expiration 09-30-2031
Tenant Type General Retail
NOI $176,390
R. Term 6.10
Ownership Fee Simple
Rent/SF $55.26
Increases 2.3%/1/yrs
Pop 5Mi 11,520
Lot/AC 1.01
Options 2/5yrs/2.25%
AHHI 5Mi $123,005

Lease Highlights

  • High Profile has 6+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 2.25% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

High Profile is strategically located on Highview Drive, with access to 3,912 vehicles passing by daily. The property is surrounded by well-known national tenants, including Aldi, Mobil, Dollar General, McDonald's, and more. This strategic location benefits from high visibility and accessibility, bolstering its attractiveness to both national tenants and local consumers. The 5-mile trade area...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: High Profile
  • Guarantor:Corporate
  • Company:C3 Industries
  • # Units:24
  • Stock:Private

About Tenant

High Profile is a medical and recreational cannabis retail dispensary that curates and sells premium cannabis flowers and products. They are a wholly owned subsidiary and retail branch of C3...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 421 3,580 11,482
2023 Total Population : 425 3,625 11,520
2023 Employed Civilian Pop : 223 1,916 6,094
2023 Total Businesses : 25 96 362
2023 Average Household Income : $ 101,119 $ 114,579 $ 123,005
2023 Total Consumer Spending : $ 17 M $ 138 M $ 468 M
2023 Median Age : 40 41 41
2023 Total Households : 203 1,394 4,423
2023 Pop Age 25+: Bachelor's Degree : 34 311 1,561
2023 Average Home Value : $ 232,203 $ 256,494 $ 279,607
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Stockbridge Rd N M 52 2021 1,311 0.03 mi
Highview Drive 2019 1,563 0.03 mi
N M 52 I- 96 2015 7,600 0.16 mi
FROM M-52 (STOCKBRIDGE RD) Highview Dr 2021 2,536 0.18 mi
2019 2,667 0.18 mi
M 43;M 52 Highview Dr 2021 7,373 0.21 mi
TO M-52 (STOCKBRIDGE RD) N M 52 2021 2,542 0.26 mi
2019 2,674 0.26 mi
TO M-52 (STOCKBRIDGE RD) Noble Rd 2021 1,964 0.35 mi
2019 2,066 0.35 mi

Listing Broker

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