Skymint
Retail | 9.75% CAP | 5,578 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 4405 W Pierson Road, in Flint, Michigan. The offering features a ±5,578-square-foot freestanding building situated on a ±1.21-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 2.0% 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
One of the Top Cannabis Markets in the United States
Below Market Retail and Cannabis Rent
Highly Visible Along Retail Corridor
Oversized Parcel with Ample Parking
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