Skymint
Retail | 9.75% CAP | 3,202 SqFt
Marketing description
Northmarq is pleased to present the opportunity to acquire a fee simple interest in a single-tenant retail asset leased to Skymint, located at 3315 Coolidge Rd, in East Lansing, Michigan. The offering features a ±3,202-square foot freestanding building situated on a ±8.06-acre parcel. The tenant, Green Peak Industries, LLC (d/b/a Skymint), operates under an Absolute NNN lease with 10+ years of base term remaining and 2.00% annual rent escalations, creating a truly passive investment structure with built-in NOI growth. In addition to rent, the tenant pays a 3.00% property management fee, further enhancing cash flow for ownership.
Investment highlights
Long Term, Absolute NNN Lease with Annual Increases
Attractive Annual Rent Escalations
3.6 Miles from Michigan State University
Strong Demographics and Desirable Trade Area
Ample Parking & Direct Access, Close Proximity to U.S. 127
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