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20731 Dequindre Rd
Hazel Park, MI 48030
JARS HAZEL PARK DISPENSARY · Retail Property For Sale


Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
3,854 SF
Building Class
C
Year Built
2023
Price
$4,325,289 CAD
Price Per SF
$1,122.43 CAD
Cap Rate
8%
NOI
$346,023 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.39 AC
Zoning
Industrial - Industrial Zoned District
Parking
25 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
224’ on Dequindre Rd
Property Taxes
| Parcel Number | 25-36-483-007 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $300,784 CAD |
Property Taxes
Parcel Number
25-36-483-007
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$300,784 CAD
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