Cannabis Cultivation and Dispensary
For Sale
Contact for pricing
Pending
5025 S Pennsylvania Ave, Lansing, MI 48910
Four facilities leased back on an absolute net term, including cultivation operations, administration, and a dispensary store.
Property SizeContact for details
Days on Market148
Property Features for 5025 S Pennsylvania Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Paul Kerber · License #6502433613
(248) 415-2612
Source:
Crexi
Added: Apr 11
Changed: Aug 25
Last Checked: Sep 4 at 1:40PM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 48910, MI
33,702
Population
17,119
Households
2
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
2,373
Density / Sq Mi
$52,154
Median Household Income
$36,643
Median Earnings
$1,003
Median Rent
$117,600
Median Home Value
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Frequently Asked Questions
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
