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
10.21
Cap Rate
360,000
NOI
Details:
Cap Rate: 10.21%
NOI: $360,000
Building Size: 22,509 sqft
Lot Area: 2.18 acres
Occupancy: 100%
Units: 1
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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Location
Gallery
