3518 Grange Hall Rd
Holly, MI 48442

Northmarq is pleased to offer for sale to quali?ed investors the opportunity to purchase a fee-simple interest in the Lume Cannabis Co. property located at 3518 Grange Hall Road in Holly, Michigan (“The Property”). The Property consists of a 1,800 SF freestanding retail building on a 0.77-acre parcel of land. Lume is operating under a brand new 15-year net lease with zero landlord responsibilities. The lease features 2.00% annual rent increases for the ?rst 10 years of the lease and 1.25% annual increases during years 11-15, offering investors a hedge against in?ation and a boost to the overall investment yield. The lease is corporately guaranteed and has 14+ years of base term remaining along with options that permit Lume to occupy the premises until 2053. See lease abstract for full details.
The Property is located within the village of Holly, approximately 55 miles northwest of Detroit. The Property is strategically positioned along Grange Hall Road, a primary east-west throughway for Holly that sees over 13,200+ vehicles per day, allowing Lume to take full advantage of travelers and commuters passing through the area. Additionally, the Property is located within a strong commercial corridor and surrounded by nationally recognized retailers such as McDonald’s, Wendy’s, Subway, DQ Grill & Chill, Taco Bell, CVS, and Ace Hardware, among other locally owned businesses. The presence of these national retailers combined with local establishments, signi?cantly helps drive commerce and consumer foot traf?c into the trade area.