Cookies - Cannabis Retail & Manufacturing Processing Facility

330 Ann St W Grand Rapids, MI 49504

330 Ann St W, Grand Rapids, MI, 49504
330 Ann St W, Grand Rapids, MI, 49504
FOR SALE
Property Type:
Street Retail
Amount:
$3,525,000
Last Verified:
Oct 14, 2024

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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
  • 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

Description

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
22,509 SF Building on 2.18 Acres - Completely Renovated in 2023
Low Price Per SF of $199 SF - Below Replacement Value
16,000+ VPD - High Traffic Counts and Entrance/ Exit to Highway

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Building Size: 22509sq ft
Lot Size: 2.18 acres

Map of 330 Ann St W, Grand Rapids, MI, 49504

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.