3101 10th St - Freestanding FOR SALE


Menominee, MI 49858
$3,900,000 USD
201-919-6148
3101 10th St, Menominee, MI for Sale
$3,900,000 USD
Freestanding - FOR SALE
1/5
null | 9.5% Cap Rate

3101 10th St
Menominee, MI 49858


HIGHLIGHTS

  • 15-Year Absolute NNN Lease
  • Favorable Increases
  • Top-Performing Location & Corporate Guaranty
  • Large 1.65-Acre Parcel
  • Strong Regional Draw Within 60 Miles
  • Countless Outdoor Recreational Activities

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase the fee-simple interest in a Fire Station ("Fire Station") dispensary located in Menominee, MI (“The Property”). The Property consists of a 5,080 square foot freestanding retail building on a 1.65-acre parcel of land. The Property was built in 2024. Fire Station will operate under a brand new fifteen (15) year Absolute NNN lease with zero landlord responsibilities and preferred 10% rental escalations every 5 years during the base term.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Fire Station Cannabis Co.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

C-1

APN/PARCEL ID

051-032-790-00

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.