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4405 W Pierson Rd
Flint, MI 48504
Skymint · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Absolute NNN Lease with Annual Increases
- Below Market Retail and Cannabis Rent
- Oversized Parcel with Ample Parking
- One of the Top Cannabis Markets in the United States
- Highly Visible Along Retail Corridor
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 4405 W Pierson Road, in Flint, Michigan. The offering features a ±5,578-square-foot freestanding building situated on a ±1.21-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 2.0% 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
5,578 SF
Building Class
B
Year Built/Renovated
1968/2020
Price
$1,687,564 CAD
Price Per SF
$302.54 CAD
Cap Rate
9.50%
NOI
$160,319 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
D3
Frontage
175’ on Pierson Rd
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 14-33-100-006 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,575,093 CAD |
PROPERTY TAXES
Parcel Number
14-33-100-006
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,575,093 CAD
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