29999 Groesbeck Hwy - Auto Repair FOR SALE


Roseville, MI 48066
$4,774,050 USD
313-603-4266
29999 Groesbeck Hwy, Roseville, MI for Sale
$4,774,050 USD
Auto Repair - FOR SALE
1/2
null | 8% Cap Rate

29999 Groesbeck Hwy
Roseville, MI 48066


OVERVIEW

Opportunity to acquire a strong net-leased cannabis asset in a proven Metro Detroit retail corridor. King of Budz, a well-known operator with a loyal customer base, occupies this 5,000 SF modern retail dispensary under a long-term lease with 8 years remaining. Current rent is $381,924 annually beginning 10/1/2025, with 3% annual increases starting in 2026, delivering a predictable and growing income stream. Located on Groesbeck Highway (M-97) with exceptional visibility, access, and traffic, this site benefits from established commercial surroundings and consistent consumer draw. The property features full cannabis infrastructure, including secure buildout, curbside service, and delivery capability—offering immediate stability and minimal landlord responsibilities. Ideal for investors seeking durable cash flow in a recession-resilient sector with expanding statewide demand.

FOR SALE DETAILS

PRICE

$4,774,050 USD

PRICE/SF

$3,658 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

GARAGE/REP

APN/PARCEL ID

08-14-07-426-002

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.