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Miscellaneous

Curaleaf - Kalamazoo, MI

1986 S Sprinkle Rd, Kalamazoo, MI 49048

Listing Price: $1,575,000

Cap Rate
7.62%
Tenant Name
Curaleaf
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
5,240
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.90

Investment Overview

- NNN Long Term Lease with Options to Extend - 7.5 Years Remaining Offering Two Five-Year Options - Strong Cannabis Market | MI Legalized Use in 2018 - First State in Midwest to Legalize Recreational Marijuana - Curaleaf Ranked Biggest Company in the Business - TTM Revenue of $1.28 billion | CURLF (OTCMKTS)

Investment Highlights

  • Curaleaf, Inc. Acquired Previous Operator (Grassroots) - 2020 Acquisition Making Curaleaf the Largest Cannabis MSO
  • Pristine Facility | No Immediate CapEx Needed $33k+ New Roof Installed at Landlord's Expense
  • Consistent Rental Increases | Hedge Against Inflation 3% Increases Every 5 Years | Upcoming Increase in 2025

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Miscellaneous

Curaleaf - Kalamazoo, MI

Listing Price: $1,575,000

Cap Rate
7.62%
Tenant Name
Curaleaf
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
5,240
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.90

Investment Highlights

  • Curaleaf, Inc. Acquired Previous Operator (Grassroots) - 2020 Acquisition Making Curaleaf the Largest Cannabis MSO
  • Pristine Facility | No Immediate CapEx Needed $33k+ New Roof Installed at Landlord's Expense
  • Consistent Rental Increases | Hedge Against Inflation 3% Increases Every 5 Years | Upcoming Increase in 2025

Investment Overview

- NNN Long Term Lease with Options to Extend - 7.5 Years Remaining Offering Two Five-Year Options - Strong Cannabis Market | MI Legalized Use in 2018 - First State in Midwest to Legalize Recreational Marijuana - Curaleaf Ranked Biggest Company in the Business - TTM Revenue of $1.28 billion | CURLF (OTCMKTS)

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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