Skymint

1050 E Main St, Morenci, MI

$3,045,000

Price

8%

Cap Rate

$243,600

NOI

Gallery
Street
Map
Overview
Cap Rate
8%
NOI
$243,600
Building Size
2,206 sqft
Lot Area
1.01 acres
Occupancy
100%
Year Built
1982
Description

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Highlights
  • Long Term 10 Year Absolute NNN Lease w/ No Landlord Obligations
  • Attractive 3% Increases Annually
  • SKYMINT is the largest vertically operating cannabis company and operator in the State of Michigan with 30 locations with an additional 15 licensed location going through approval process.
  • High intrinsic value fundamentals; Business can only operate in this specific location due to strict Michigan zoning laws— Zero Re-Location Possibility
  • Morenci Benefits from Being Located 1/2 Mile From the Ohio Border. Ohio is a State Not Approved for Adult Use and 3+ Years From Being Approved.
  • Additionally, The Adult Use Licensing in Morenci is Capped to 4 location in the City - the Nearest Available Cannabis Stores are 18 Miles North & 30 Miles East & West.
  • The Location is a High Performing Location
  • 2021 report shows Michigan ranked third in the country for total cannabis employment; only behind the states of California and Colorado. Michigan saw $1.79 Billion in 2021 Sales for adult-use and for medical cannabis.
Location
Gallery