Prominent, Multi-State Cannabis Operator | FOR SALE

3800 3rd Street North, St. Cloud, MN

$2,500,000

Price

8%

Cap Rate

$200,000

NOI

Gallery
Street
Map
Overview
Cap Rate
8%
NOI
$200,000
Building Size
15,000 sqft
Lot Area
1 acres
Lease Type
Double Net
Year Built
1980
Year Last Renovated
2024
Roof and Structure
Landlord's Responsibility
Highlights
  • HIGH-YIELDING INVESTMENT: The property is being offered at a Year-1 in-place cap rate of 8.00%.
  • LONG-TERM LEASE: There are 10 Years remaining on the base term of the lease, providing stability and security for investors.
  • ATTRACTIVE RENTAL INCREASE: 2.00% Annual rental increases, providing investors with a hedge against inflation. Note: There is an opportunity for an immediate 7.68% rental increase if the tenant decides to replace the roof. This potential for the 7.68% rental increase does not interfere with the scheduled annual rental increases. (Please refer to the Lease Abstract for details on how roof replacement can lead to a rental increase.)
  • CORPORATE GUARANTEE: Green Thumb Industries Inc currently has +8 product brands, +90 dispensaries and +20 manufacturing facilities across 15 different states.
  • NEW HVAC & PARKING LOT: As part of the renovations, the Tenant is responsible for rep
Documents
Title
Offering Memorandum
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Location
Gallery