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29999 Groesbeck Hwy
Roseville, MI 48066
Retail Property For Sale

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EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,305 SF
Building Class
C
Year Built
1960
Price
$6,583,081 CAD
Price Per SF
$5,044.51 CAD
Cap Rate
8%
NOI
$526,646 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.52 AC
Zoning
GARAGE/REP
Frontage
142’ on Groesbeck Highway

AMENITIES

  • Security System
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-14-07-426-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$543,456 CAD
  • Listing ID: 38197687

  • Date on Market: 2025-10-24

  • Last Updated:

  • Address: 29999 Groesbeck Hwy, Roseville, MI 48066

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