330 Ann St NW - Freestanding FOR SALE


Grand Rapids, MI 49504- West Grand
$3,525,000 USD
248-702-0288
330 Ann St NW, Grand Rapids, MI for Sale
$3,525,000 USD
Freestanding - FOR SALE
1/6
null | 10.21% Cap Rate

330 Ann St NW
Grand Rapids, MI 49504
West Grand


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

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,525,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

10.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

COOKIES - CANNABIS RETAIL & MANUFACTURING PRO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

SD-IT

APN/PARCEL ID

41-13-13-251-002

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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