Log In/Sign Up
Your email has been sent.
Noxx Cannabis 1234 Plainfield Ave 2,029 SF 100% Leased Retail Building Grand Rapids, MI 49505 $2,086,900 CAD ($1,028.54 CAD/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 Year Lease Term.
- Zero Landlord Responsibilities.
- Special Land Use.
EXECUTIVE SUMMARY
This is a rare investment opportunity to acquire a high-performing Noxx Cannabis retail location in Grand Rapids, Michigan, offered as a sale-leaseback with a 15-year absolute NNN lease in place. Positioned along a high-traffic corridor, this property benefits from exceptional road visibility, strong consumer demand, and special land use approval for cannabis retail, making it a highly sought-after asset in a competitive market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,029 SF
Building Class
B
Year Built/Renovated
1953/2005
Price
$2,086,900 CAD
Price Per SF
$1,028.54 CAD
Cap Rate
10%
NOI
$208,690 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.21 AC
Zoning
COMMERCIAL - Special Commercial
Parking
7 Spaces (3.45 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 41-14-18-380-060 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $212,478 CAD |
PROPERTY TAXES
Parcel Number
41-14-18-380-060
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$212,478 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Noxx Cannabis | 1234 Plainfield Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.