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| Price $1,230,769 | Built/Renov 2000/2021 | Tenant Meds Cafe |
| Cap Rate 9.75% | Lease Type
Double NN | Guarantor Corporate |
| Size/SF
2,050
| Lease Start
06-06-2023
| #Units
7
|
| Price/SF $600.38 | Expiration
05-31-2033
| Tenant Type General Retail |
| NOI $120,000 | R. Term 8.6 | Ownership Fee Simple |
| Rent/SF
$58.54
| Increases 12.5%/5/yrs | Pop 5Mi 8,274 |
| Lot/AC 0.38 | Options 2/5yrs/12.5% | AHHI 5Mi $69,653 |
| | |
Meds Cafe is strategically located on North Main Street, a key thoroughfare with access to 7,700 vehicles daily. The property is surrounded by prominent national tenants, including Dairy Queen, H&R Block, Carquest, Salvation Army, Citizens Bank, Speedway, and GMC. Furthermore, the Michigan Marijuana Regulatory Agency limits the number of dispensary licenses, reducing competition for the site....
...Recent renovation
Roof guarantee
Dense retail corridor
Near major nationals
Strategically located
Top performing store
Corporate Guarantee
Chicago, IL
Cap Rate 8.75%
Lease Double NN
R. Term 3.10 yrs
Size/SF 99,045
Kalamazoo, MI
Cap Rate 10.00%
Lease Abs NNN
R. Term 3.10 yrs
Size/SF 2,600
Muskegon, MI
Cap Rate 10.00%
Lease Abs NNN
R. Term 3.60 yrs
Size/SF 3,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
