🌿 Single-Tenant Skymint Dispensary | Absolute NNN Lease | 10+ Years Remaining | 9.5% Cap Rate | Passive Investment

📊 Investment Highlights

• Asking Price: $1,209,550

• Cap Rate: 9.50%

• Net Operating Income (NOI): $114,907

• Property Type: Retail / Storefront / Cannabis Dispensary

• Tenant: Green Peak Industries, LLC (d/b/a Skymint)

• Investment Type: Net Lease (Absolute NNN)

• Lease Type: Absolute NNN — Zero Landlord Responsibilities

• Investment Sub Type: Passive Income | Long-Term Lease

• Lease Commencement: 08/01/2025

• Lease Expiration: 07/31/2036

• Lease Term Remaining: 10+ Years (Base Term)

• Annual Rent Escalations: 2.0%

• Tenant Reimbursement: 3% Property Management Fee Paid to Ownership

• Building Size: 5,578 SF

• Lot Size: 1.21 Acres

• Year Built: 2019 (Modern Construction)

• Tenancy: Single Tenant (100% Occupied)

• Ownership: Fee Simple

• Zoning: Retail Corridor / Cannabis-Approved Use

• APN: 14-33-100-006

• Parking: Ample Surface Parking on Oversized Lot

🧾 Executive Summary

Northmarq is proud to present this fee simple offering of a single-tenant retail property leased to Skymint, one of Michigan’s leading vertically integrated cannabis brands. Located at 4405 W Pierson Road in Flint, this ±5,578-square-foot freestanding building sits on a ±1.21-acre oversized parcel within one of Michigan’s most active cannabis and retail corridors.

The property is backed by Green Peak Industries, LLC (d/b/a Skymint), a major multi-state operator (MSO) with a proven operational track record. The Absolute NNN lease offers investors zero landlord responsibilities, a 10-year base term, and 2% annual rent escalations, providing long-term, inflation-protected income.

Additionally, the tenant pays an extra 3% property management fee, further enhancing ownership’s cash flow and ensuring a truly passive investment experience.

The property benefits from strong retail frontage, excellent traffic visibility, and an oversized parcel offering ample parking and flexibility for future expansion or redevelopment. With below-market rent relative to comparable cannabis retail and general retail spaces, this asset presents both secure income and long-term appreciation potential.

🏢 Property Overview

• Address: 4405 W Pierson Road, Flint, MI

• Building Size: 5,578 SF

• Lot Size: 1.21 Acres

• Year Built: 2019

• Tenant: Skymint (Green Peak Industries, LLC)

• Lease Type: Absolute NNN

• Lease Term Remaining: 10+ Years

• Rent Escalations: 2.0% Annually

• Tenant-Added Payment: 3% Property Management Fee

• Cap Rate: 9.5%

• NOI: $114,907

• Occupancy: 100%

• Parking: Ample Surface Parking

• Visibility: High-Traffic Retail Corridor

• Ownership: Fee Simple

• Zoning: Retail / Cannabis Permitted

📍 Location Advantage

Strategically located in Flint’s dominant retail corridor, the property enjoys exceptional visibility and accessibilityalong W Pierson Road, a heavily traveled commercial artery connecting major population centers in the Flint and Genesee County market.

Flint continues to emerge as one of Michigan’s top cannabis retail markets, with strong sales performance, limited competition, and favorable zoning supporting long-term stability. The area’s dense population, robust transportation network, and proximity to I-75 and US-23 make it an ideal location for cannabis retail operators seeking regional reach.

Skymint’s established brand presence and long-term commitment to the site reinforce the property’s security as a credit-backed, income-producing asset with minimal management responsibilities.

💡 Summary of Opportunity

• ✅ Long-term Absolute NNN lease — 10+ years remaining

• 🌿 Nationally recognized cannabis operator (Skymint / Green Peak Industries)

• 💰 9.5% cap rate with 2% annual rent escalations

• 🏢 Modern construction (built 2019) with ample on-site parking

• 📈 Tenant pays additional 3% management fee to owner — true passive income

• 📍 Located in Flint’s thriving retail and cannabis corridor

• ⚙️ Below-market rent and strong residual land value on oversized 1.21-acre parcel