$1,600,000.00
2024 Caniff St | Hamtramck
Prime Investment Opportunity in the heart of Hamtramck, with a great tenant owning and running a state of the art Recreational Cannabis business. This opportunity won’t last long, the tenant has one the only four high performing cannabis businesses in Hamtramck. The lease on this property has exercised a total two of the five year lease, which is increasing yearly. The lessee has an option to renew the five year term for a total of three periods; which is a total of a 20 year term. The annual gross rent to increase by two percent yearly after the five year term. Please see OM for specifics and feel free to reach out!
Details
Price
: $1,600,000.00
Property Type
: Retail
Purpose
: Sell
Status
: Available
Area
: 3200 Sq Ft
Country
: United States (US)
State
: Michigan
City
: Hamtramck
Address
: 2044 Caniff Street, Hamtramck, MI, USA
Zip Code
: 48212
Property ID
: 538
