20731 Dequindre Rd - Specialty FOR SALE


Hazel Park, MI 48030
$3,182,700 USD
313-603-4266

NO PHOTO

$3,182,700 USD
Specialty - FOR SALE
null | 8% Cap Rate

20731 Dequindre Rd
Hazel Park, MI 48030


OVERVIEW

Rare opportunity to acquire a high-performing net-leased cannabis retail asset in one of Michigan’s limited-license markets—Hazel Park, capped at just six retail licenses. The property is leased to JARS Cannabis, a well-established multi-state operator with strong brand presence and operational history. Located along Dequindre Road just east of I-75, the site offers exceptional visibility and access within a dense and growing trade area. The property features 8.5 years of remaining lease term, 3% annual rent escalations, and a current NOI of $247,200, increasing to $254,616 at the next scheduled bump—delivering stable long-term cash flow and a predictable yield. This is a plug-and-play fully built-out retail dispensary with in-store and pickup functionality in place. Ideal for investors seeking durable returns in a recession-resilient industry with high barriers to entry.

FOR SALE DETAILS

PRICE

$3,182,700 USD

PRICE/SF

$727 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

JARS HAZEL PARK DISPENSARY

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

25-36-483-007

ASK ABOUT THIS PROPERTY

Kees JanewayIconic Real EstateMore Info
313-603-4266

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Kees JanewayIconic Real EstateMore Info
313-603-4266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.