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Miscellaneous

Higher Love Cannabis Co

46479 US-41, Houghton, MI 49931

Listing Price: $2,000,000

Cap Rate
6.00%
Tenant Name
HIGHER LOVE DISPENSARY
Years Remaining On Lease
8.8
Gross SF
4,459
Guarantor
Franchisee Guarantee
Rentable SF
4,459
Price/Gross SF
$448.53
Lease Type
Absolute Net
Rent Per Square Feet
$26.91

Investment Overview

OVER 16,800 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $63,388

Investment Highlights

  • NEW TEN YEAR LEASE
  • ABSOLUTE NET LEASE
  • TWO –FIVE YEAR OPTIONS WITH 90 DAYS NOTICE
  • RECENTLY REMODELED FOR TENANT

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Miscellaneous

Higher Love Cannabis Co

Listing Price: $2,000,000

Cap Rate
6.00%
Tenant Name
HIGHER LOVE DISPENSARY
Years Remaining On Lease
8.8
Gross SF
4,459
Guarantor
Franchisee Guarantee
Rentable SF
4,459
Price/Gross SF
$448.53
Lease Type
Absolute Net
Rent Per Square Feet
$26.91

Investment Highlights

  • NEW TEN YEAR LEASE
  • ABSOLUTE NET LEASE
  • TWO –FIVE YEAR OPTIONS WITH 90 DAYS NOTICE
  • RECENTLY REMODELED FOR TENANT

Investment Overview

OVER 16,800 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $63,388

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

MM Texture Background
MM Textured Background Lower