Listed by Northmarq - Chicago
$1,363,723
Skymint (Branded as 3Fifteen)
Details
APN 14-022-300-011-22-8-4
Property Type Retail
Sub Type Storefront
Square Footage 2,758
Cap Rate 12.5%
NOI $170,465
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 09/30/2032
Remaining Term 6.3
Lease Options 2 x 5 years
Price per SqFt $494
Buildings 1
Stories 1
Acreage 0.170
Investment Type Net Lease
Lease Commencement 10/01/2022
Retail | 12.50% CAP | 2,758 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 120 N Main St, in Camden, Michigan. The tenant, The District Park, LLC (d/b/a 3Fifteen), operates under an Absolute NNN lease with ±6 years of base term remaining and 3.00% annual rent escalations, creating a truly passive investment structure with built-in NOI growth.
Investment highlights
Absolute NNN Lease with Annual Increases
Border Town Location Drawing Multi-State Demand
Downtown Camden Main Street Frontage
Located in a Proven Michigan Cannabis Market
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,465.00
$14,205.42/mo
Valuation Metrics
0
DSCR
12.5%
Cap Rate
12.5%
ROI
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