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162 Heritage Dr 1,721 SF Retail Building Negaunee, MI 49866 $1,051,527 CAD ($611.00 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Highway Exposure
- 2% Annual Increases
- Established Operator with 10 Locations
EXECUTIVE SUMMARY
Founded in 2019 as the first recreational dispensary in Michigan’s Upper Peninsula, The Fire Station has expanded to 10 operating locations with additional stores in development, including its first in Lower Michigan. Locally owned and family operated, The Fire Station has built an outstanding reputation for premium service and consistent growth.
The building totals 1,721 square feet and sits on 1.61 acres. The Fire Station is offering 2% annual rent increases and zero landlord responsibilities, ensuring predictable, hands-off income. With a negotiable lease term and highly visible location on US 41, this property combines stability, strong tenancy, and long-term growth potential. An ideal opportunity for investors seeking a reliable asset or completing a 1031 exchange.
Please Note: The Fire Station Cannabis Co. is not for sale and will continue to operate as the tenant in the event of a building sale.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Triple Net
- -
Établie dans le Haut-Michigan en octobre 2019, The Fire Station a été la deuxième installation de marijuana médicale à ouvrir ses portes dans la péninsule supérieure. L'emplacement de la caserne de pompiers à Negaunee est devenu la première installation récréative de Upper Peninsula, au Michigan, en novembre 2019, et les services de livraison ont été approuvés en mars 2020. Depuis son siège social au centre-ville de Marquette, The Fire Station s'engage à être la première destination de cannabis au Royaume-Uni. Elle fournit à ses clients des produits de cannabis de haute qualité, de l'éducation et un service à la clientèle exceptionnel. La caserne de pompiers est détenue et exploitée par UP et se consacre avant tout à servir leurs communautés locales.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 52-10-128-020-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $261,289 CAD |
PROPERTY TAXES
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162 Heritage Dr
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