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SKYMINT Listing Details & Market Data

1050 E Main St, Morenci, MI 49256

  • For Sale $2,742,857
  • Property Type Retail - Street Retail
  • Property Size 2,206 SF
  • Lot Size 1.01 Acre
  • Property Tenancy Single Tenant
  • Year Built 1982
  • Date Updated Sep 30, 2022

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Location

  • Walk Score ® Car-Dependent (34)
  • Bike Score ® Somewhat Bikeable (48)
Powered by Walk Score ®
  • City Morenci, MI
  • Zip Code 49256

Points of Interest

Sunoco

0.70 miles

Marathon

1.06 miles

Citgo

9.75 miles

Marathon

9.87 miles

Morenci Dari-ette

0.04 miles

Village Inn Restaurant

0.62 miles

Jeff's Pizza

0.64 miles

Pizza Box & Ice Cream

0.66 miles

Subway

0.67 miles

Brochardt Brother Market

0.76 miles

Contacts

broker

Danny Samona

Encore Real Estate Investment Services

(248) 702-0286

Highlights

  • Long Term 10 Year Absolute NNN Lease w/ No Landlord Obligations
  • Attractive 3% Increases Annually
  • SKYMINT is the largest vertically operating cannabis company and operator in the State of Michigan with 30 locations with an additional 15 licensed location going through approval process.
  • High intrinsic value fundamentals; Business can only operate in this specific location due to strict Michigan zoning laws— Zero Re-Location Possibility
  • Morenci Benefits from Being Located 1/2 Mile From the Ohio Border. Ohio is a State Not Approved for Adult Use and 3+ Years From Being Approved.
  • Additionally, The Adult Use Licensing in Morenci is Capped to 4 location in the City - the Nearest Available Cannabis Stores are 18 Miles North & 30 Miles East & West.
  • The Location is a High Performing Location
  • 2021 report shows Michigan ranked third in the country for total cannabis employment; only behind the states of California and Colorado. Michigan saw $1.79 Billion in 2021 Sales for adult-use and for medical cannabis.

Contact Listing Broker

broker

Danny Samona

Encore Real Estate Investment Services

(248) 702-0286

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