Cookies - Cannabis Retail & Manufacturing Processing Facility

330 Ann St W, Grand Rapids, MI

$4,500,000

Price

8%

Cap Rate

$360,000

NOI

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Street
Map
Overview
Cap Rate
8%
NOI
$360,000
Building Size
22,509 sqft
Lot Area
2.18 acres
Occupancy
100%
Units
1
Description

Long Term Absolute NNN Lease w/ No Landlord Obligations
15 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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Highlights
  • Long Term Absolute NNN Lease w/ No Landlord Obligations
  • 15 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
Location
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