Cannabis Cultivation and Dispensary
5025 S Pennsylvania Ave Lansing, MI 48910
5025 S Pennsylvania Ave, Lansing, MI, 48910
Contact for pricing
For Sale
Contact for pricing
Pending
Four facilities leased back on an absolute net term, including cultivation operations, administration, and a dispensary store.
Days on Market102
Property Features for 5025 S Pennsylvania Ave
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Detroit
(248) 415-2612
Listed by
David Weinberg · License #MI 6501339495
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 6:54AM Checked: Jul 21 at 6:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
This sale-leaseback offering includes a portfolio of four Home Grown Cannabis facilities totaling 48,231 square feet. The portfolio consists of two cultivation operations, an administrative office asset, and a dispensary store. The cultivation buildings have been highly improved with high-tech grow equipment designed for controlled production, including temperature, humidity, lighting, racking, dedicated room environments, and measured hydration.
The dispensary is described as being located just a couple of miles west of the Michigan State Campus and south of downtown. It is on a well-trafficked hard corner with easy consumer access, and the property is reported to receive over 24,500 VPD at the primary intersection, supporting signage and business exposure.
The lease is structured as absolute net with a 20-year initial term commencing on the day of closing. Rent increases of 2.25% annually are provided, and the same 2.25% increases apply during the four 5-year renewal options.
The dispensary is described as being located just a couple of miles west of the Michigan State Campus and south of downtown. It is on a well-trafficked hard corner with easy consumer access, and the property is reported to receive over 24,500 VPD at the primary intersection, supporting signage and business exposure.
The lease is structured as absolute net with a 20-year initial term commencing on the day of closing. Rent increases of 2.25% annually are provided, and the same 2.25% increases apply during the four 5-year renewal options.
Key Highlights
- Four facilities total 48,231 SF leased back to Home Grown Cannabis under an absolute net, 20‑year term
- Lease begins on the day of closing and includes 4 renewal options, each with 2.25% annual rent increases
- Portfolio includes two cultivation operations, an administrative office asset, and a dispensary store
Property Analytics
Location Intelligence
Current Use by Public Records
Homegrown Cannabis Company
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Cannabis property - Four facilities leased back on an absolute net term, including cultivation operations, administration, and a dispensary store.
Where is this cannabis property located?
The property is located at 5025 S Pennsylvania Ave Lansing, MI.
What are key features of this property?
This property features: Four facilities total 48,231 SF leased back to Home Grown Cannabis under an absolute net, 20‑year term; Lease begins on the day of closing and includes 4 renewal options, each with 2.25% annual rent increases; Portfolio includes two cultivation operations, an administrative office asset, and a dispensary store
