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SKYMINT (Branded as 3Fifteen) 120 N Main St 2,758 SF Retail Building Camden, MI 49232 $1,363,723 ($494.46/SF) 12.50% Cap Rate
Investment Highlights
- Absolute NNN Lease with Annual Increases
- Downtown Camden Main Street Frontage
- Border Town Location Drawing Multi-State Demand
- Located in a Proven Michigan Cannabis Market
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 120 N Main St, in Camden, Michigan. The tenant, The District Park, LLC (d/b/a 3Fifteen), operates under an Absolute NNN lease with ±6 years of base term remaining and 3.00% annual rent escalations, creating a truly passive investment structure with built-in NOI growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,758 SF
Building Class
C
Year Built
1970
Price
$1,363,723
Price Per SF
$494.46
Cap Rate
12.50%
NOI
$170,465
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.17 AC
Zoning
C - Commercial District
Frontage
Amenities
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 14-022-300-011-22-8-4 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $155,900 |
Property Taxes
Parcel Number
14-022-300-011-22-8-4
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$155,900
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SKYMINT (Branded as 3Fifteen) | 120 N Main St
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