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Views: 11 Updated: 01.26.24 Posted: 05.03.23 Status: Inactive

Summary

Price $1,445,783
Built/Renov 2021
Tenant High Profile
Cap Rate 8.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,365
Lease Start 10-01-2021
#Units 20
Price/SF $429.65
Expiration 09-30-2031
Tenant Type Medical/Health
NOI $126,506
R. Term 6.9
Ownership Fee Simple
Rent/SF $37.59
Increases 2.5%/1/yrs
Pop 5Mi 140,367
Lot/AC 0.62
Options 2/5yrs/2.25%
AHHI 5Mi $50,887

Lease Highlights

  • New 2021 BTS construction for High Profile
  • Tenant has 8+ years remaining in primary term and 2 (5-year) options to extend
  • Lease features 2.25% annual increases each October
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by High Profile, subsidiary of C3 Industries (19+ units backed)

Location Description

The property is located on James P. Cole Boulevard which fronts the Flint River. There are hard corners and multiple points of ingress/egress on both East Wood Street and Merrill Street, making the property visible and easily accessible. The site benefits from its location just off Interstate 475 which experiences 37,589 vehicles per day. The asset is located five minutes north of Downtown...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: High Profile
  • Guarantor:Corporate
  • Company:C3 Industries
  • # Units:20
  • Stock:Private

About Tenant

High Profile is a medical and recreational cannabis retail dispensary that curates and sells premium cannabis flower 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 : 6,528 69,550 138,186
2023 Total Population : 6,552 70,554 140,184
2023 Employed Civilian Pop : 1,951 23,767 50,012
2023 Total Businesses : 604 2,572 5,264
2023 Average Household Income : $ 38,719 $ 47,419 $ 51,058
2023 Total Consumer Spending : $ 102 M $ 1229 M $ 2647 M
2023 Median Age : 38 37 38
2023 Total Households : 2,982 29,374 58,801
2023 Pop Age 25+: Bachelor's Degree : 490 4,020 8,499
2023 Average Home Value : $ 120,005 $ 105,193 $ 118,216
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
JAMES P COLE BLVD Merrill St 2020 1,101 0.03 mi
E 5th Ave Merrill St 2021 1,387 0.03 mi
Robert T Longway Blvd Burton St 2000 12,009 0.16 mi
BETWEEN SAINT JOHN AND JAMES P COLE (IN FLINT) St John St 2021 438 0.17 mi
E 5th Ave Nelson St 2021 479 0.22 mi
FROM ROBERT T LONGWAY BLVD VIA SB CESAR CHAVEZ DR 2021 5,385 0.28 mi
I-475 ON RAMP N Avon St 2020 4,732 0.28 mi
TO ROBERT T LONGWAY BLVD VIA SB CESAR CHAVEZ DR Robert T Longway Blvd 2021 1,916 0.31 mi
I-475 OFF RAMP Geneseret St 2020 1,684 0.31 mi
2019 2,399 0.31 mi

Listing Broker

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