Cookies - Cannabis Retail & Manufacturing Processing Facility

$3,525,000

330 Ann St W, Grand Rapids, MI 49504

For Sale

Retail Street Retail

Active

Last Updated: 03/17/2025

Details:

Cap Rate: 10.21%

NOI: $360,000

Building Size: 22,509 sqft

Lot Area: 2.18 acres

Occupancy: 100%

Units: 1

Offered by

Danny Samona

Senior Director

Encore Real Estate Investment Services

#6501387591

Request Info to Unlock

Highlights:

Long Term Absolute NNN Lease w/ No Landlord Obligations
10 Year Lease w/ 3% Annual Increases in Term & Option Periods
Exclusive Cookies License Serving the Grand Rapids MSA as Only Site to Sell Cookies Cannabis
The Location Serves as Walk Up and Delivery Retail Adult Use Recreational & Processing Facility; Manufacturing and Packaging Products Onsite
22,509 SF Building on 2.18 Acres - Completely Renovated in 2023
Low Price Per SF of $199 SF - Below Replacement Value
Low Rent of $16 SF - 2 to 3 Times Lower Than Cannabis Market Rental Rates
16,000+ VPD - High Traffic Counts and Entrance/ Exit to Highway
Experienced Cannabis Tenant/ Operator with 3 Total Sites in Grand Rapids

Description:

Long Term Absolute NNN Lease w/ No Landlord Obligations
10 Year Lease w/ 3% Annual Increases in Term & Option Periods
Exclusive Cookies License Serving the Grand Rapids MSA as Only Site to Sell Cookies Cannabis
22,509 SF Building on 2.18 Acres - Completely Renovated in 2023
Low Price Per SF of $199 SF - Below Replacement Value
16,000+ VPD - High Traffic Counts and Entrance/ Exit to Highway

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