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The Fire Station Cannabis Co. 3101 10th St 5,080 SF 86% Leased Retail Building Menominee, MI 49858 $5,331,495 CAD ($1,049.51 CAD/SF) 9.50% Cap Rate

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Investment Highlights

  • 15-Year Absolute NNN Lease
  • Top-Performing Location & Corporate Guaranty
  • Strong Regional Draw Within 60 Miles
  • Favorable Increases
  • Large 1.65-Acre Parcel
  • Countless Outdoor Recreational Activities

Executive Summary

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase the fee-simple interest in a Fire Station ("Fire Station") dispensary located in Menominee, MI (“The Property”). The Property consists of a 5,080 square foot freestanding retail building on a 1.65-acre parcel of land. The Property was built in 2024. Fire Station will operate under a brand new fifteen (15) year Absolute NNN lease with zero landlord responsibilities and preferred 10% rental escalations every 5 years during the base term.

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Property Facts

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,080 SF
Building Class
C
Year Built
2024
Price
$5,331,495 CAD
Price Per SF
$1,049.51 CAD
Cap Rate
9.50%
NOI
$506,492 CAD
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
1.65 AC
Zoning
C-1 - Commercial
Frontage
150’ on 10th Street

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • B
  • 1,294 SF
  • Retail
  • Outparcel
  • Now

Commercial Space Available for Lease Located at 3101 10th St Menominee, this versatile space, is available for your business. The property offers 1,294 square feet, and has the availability to add a drive thru, making it an ideal location for food service. This location will be right next door to the Fire Station Cannabis Company. Newly renovated space can be built to suit any number of businesses.

Space Size Space Use Position Available
B 1,294 SF Retail Outparcel Now

B

Size
1,294 SF
Space Use
Retail
Position
Outparcel
Available
Now

B

Size 1,294 SF
Space Use Retail
Position Outparcel
Available Now

Commercial Space Available for Lease Located at 3101 10th St Menominee, this versatile space, is available for your business. The property offers 1,294 square feet, and has the availability to add a drive thru, making it an ideal location for food service. This location will be right next door to the Fire Station Cannabis Company. Newly renovated space can be built to suit any number of businesses.

Property Taxes

Property Taxes

Parcel Number
051-032-790-00
Land Assessment
$118,387 CAD
Improvements Assessment
$381,680 CAD
Total Assessment
$500,067 CAD
  • Listing ID: 39672696

  • Date on Market: 2026-03-05

  • Last Updated:

  • Address: 3101 10th St, Menominee, MI 49858

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