2161 Houghton Lk Dr, Prudenville, MI 48651-9606

This exceptional investment opportunity presents a fee-simple interest in a 4,158-square-foot retail storefront located at 2161 W Houghton Lake Dr, Prudenville, MI 48651. Situated on a 0.97-acre parcel within a regional shopping center, this property boasts strong access and visibility in a popular resort and vacation destination. The property is currently leased to a vertically-integrated cannabis operator under a long-term, absolute NNN lease with 11.7 years remaining until expiration on July 30, 2036, and includes three 5-year renewal options. The lease features attractive 2.50% annual rent escalations, providing a significant hedge against inflation and ensuring consistent growth in net operating income (NOI). The current NOI is $248,210, resulting in a 10% capitalization rate on the asking price of $2,482,102. Recent renovations enhance the property's appeal and functionality. This is a rare opportunity to acquire a high-performing retail asset with exceptional long-term growth potential in a desirable location. The property benefits from its location in Roscommon County, Michigan.