Catylist ID:
#30833979
Ann Arbor - Former Treehouse Provisioning Center
Retail-Commercial
for Sale
| Catylist Listing ID: | 30833979 |
| Building Size (RSF): | 1,725 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,250,000 |
| Unit Price: | $724.64 PSF |
| Property Use Type: | Net Leased Investment (NNN) |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/13/2023 |
Overview / Comments
|
Municipal & State Approved Adult-Use Provisioning Center available for Sale – formerly operating with a turn-key buildout. The sale includes the License and Leasehold Rights. Real estate is not included. This location is turn-key and can operate immediately. All it is missing is your branding and inventory. Located on the 2nd floor of the mixed-use building, the opportunity comes with a large building sign. Prime location abutting the Diag, University of Michigan's central campus, with strong synergy in Ann Arbor’s State Street District. This location is surrounded by retail, restaurants, theaters, and museums - offering plenty of daytime traffic. Current Lease Agreement in place is $6,088 per month NNN, with 7 years remaining with two (2) five year options. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw W of 23 |
| Tax ID/APN: | 09-09-29-400-026 |
| Property Condition: | Excellent |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 34,404 | 117,693 | 165,477 |
| Median Age: | 24.5 | 33.48 | 34.29 |
| Households: | 11,301 | 48,427 | 68,589 |
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