Industrial    

Gage Dispensary

Parent Company – TerrAscend Corp. (Publicly Traded)

 Ferndale, MI

 

Price:
$7,065,622

Cap Rate:
9.00%

Avg. Cap Rate:
10.25%

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Lease Type

Abs NNN

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Year Renovated

2020

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Building Size

46,400 SF

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Lot Size

1.52 AC

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2022 Avg HHI

$83,315 (3 Mi)

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Growing Industry

FYE 2021 - $26.5B+

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • New 12-Year Term, Absolute NNN Lease | Annual 2.33% Rent Escalations
  • Strong Guaranty | Parent Company - TerrAscend Corporation - TER.CN: TRSSF
  • Mission Critical Location | First Gage Store and Central Distribution Hub for All Non-Cannabis Products for All 19 Gage Locations
  • Densely Populated Location 11 Miles from Downtown Detroit
  • Long-Term Residual Value
  • Growing Area with Direct Access to I-75
  • Strong Performing Location

Exclusively Listed By

Christian Tremblay

Vice President
  ctremblay@northmarq.com      +1 201.919.6148

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com      +1 773.963.2637

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   
Michigan Broker #6506047670

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Jack Collins

Senior Associate
  jcollins@northmarq.com   

Josh Dicker

Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

Sam Ray

Analyst
  sray@northmarq.com   

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