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20731 Dequindre Rd
Hazel Park, MI 48030
JARS HAZEL PARK DISPENSARY · Specialty Property For Sale
·
4,379 SF
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 | Building Size | 4,379 SF |
| Cap Rate | 8% | No. Stories | 1 |
| Sale Condition | Ground Lease (Leased Fee) | Year Built | 2023 |
| Property Type | Specialty |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | Ground Lease (Leased Fee) |
| Property Type | Specialty |
| Building Size | 4,379 SF |
| No. Stories | 1 |
| Year Built | 2023 |
PROPERTY TAXES
| Parcel Number | 25-36-483-007 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $298,116 CAD |
PROPERTY TAXES
Parcel Number
25-36-483-007
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$298,116 CAD
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