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Skymint 3315 Coolidge Rd 3,204 SF Retail Building East Lansing, MI 48823 $2,951,268 CAD ($921.12 CAD/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term, Absolute NNN Lease with Annual Increases
- 3.6 Miles from Michigan State University
- Ample Parking & Direct Access, Close Proximity to U.S. 127
- Attractive Annual Rent Escalations
- Strong Demographics and Desirable Trade Area
EXECUTIVE SUMMARY
Northmarq is pleased to present the opportunity to acquire a fee simple interest in a single-tenant retail asset leased to Skymint, located at 3315 Coolidge Rd, in East Lansing, Michigan. The offering features a ±3,202-square foot freestanding building situated on a ±8.06-acre parcel. The tenant, Green Peak Industries, LLC (d/b/a Skymint), operates under an Absolute NNN lease with 10+ years of base term remaining and 2.00% annual rent escalations, creating a truly passive investment structure with built-in NOI growth. In addition to rent, the tenant pays a 3.00% property management fee, further enhancing cash flow for ownership.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,204 SF
Building Class
B
Year Built
2019
Price
$2,951,268 CAD
Price Per SF
$921.12 CAD
Cap Rate
9.50%
NOI
$280,370 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
8.13 AC
Zoning
B4
Frontage
100’ on Coolidge Rd
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-01-02-226-008 | Improvements Assessment | $23,845 CAD |
| Land Assessment | $1,955,280 CAD | Total Assessment | $1,979,125 CAD |
PROPERTY TAXES
Parcel Number
20-01-02-226-008
Land Assessment
$1,955,280 CAD
Improvements Assessment
$23,845 CAD
Total Assessment
$1,979,125 CAD
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Skymint | 3315 Coolidge Rd
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