Listing Summary
Prime NNN Cannabis Dispensary Investment | Quality Roots in Pontiac, MI. This single-tenant recreational cannabis dispensary offering presents a lucrative commercial real estate opportunity in the booming Michigan cannabis retail market.
Full Description
High-Yield Single-Tenant Commercial Property
This single-tenant recreational cannabis dispensary offering presents a lucrative commercial real estate opportunity in the booming Michigan cannabis retail market. Priced at $1,440,000 with an attractive 10% Cap Rate ($144,000 NOI), this property features a long-term lease through March 31, 2031, backed by three additional 5-year extension options for extended income security.
Operated by Quality Roots—a premier, vertically integrated cannabis operator with a widespread 12-location footprint—this property provides absolute long-term stability. Featuring a fully passive Absolute NNN lease structure, the tenant handles all property expenses including taxes, insurance, and structural maintenance, delivering zero landlord responsibilities and a completely hands-off cash flow stream.
Investment Highlights & Financial Breakdown
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100% Passive Absolute NNN Lease Structure: Zero landlord operational expenses or maintenance responsibilities—ideal for 1031 exchange investors seeking hassle-free passive income.
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Exceptional Yield Potential: Offered at $1,440,000 generating a stable Net Operating Income (NOI) of $144,000, delivering a high-performing 10% cap rate.
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Secured Long-Term Occupancy: Initial term runs through March 31, 2031, with three additional 5-year renewal options providing potential income security through 2046.
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High-Exposure Retail Location: Direct positioning along Walton Boulevard with over 17,200 vehicles per day (VPD) and 137 feet of prominent road frontage.
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Densely Populated Trade Corridor: Serves a robust target demographic of over 153,000 residents within a 5-mile radius in the thriving Pontiac, Michigan market.
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Synergistic Retail Environment: Surrounded by major national tenants—including McDonald’s, Taco Bell, Wendy’s, Dollar General, and Chase Bank—driving steady cross-shopping and daily foot traffic.
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Flexible Commercial Zoning: Supported by versatile commercial zoning (C-3/BI) allowing a broad range of future retail, service, or redevelopment uses.
Strategic Location & Market Demographics
Situated directly along Walton Boulevard, this high-visibility standalone property benefits from strong traffic counts and excellent access point design. Pontiac's primary retail corridor benefits from heavy commercial activity, drawing daily commuters and local shoppers alike.
Michigan remains one of the largest and fastest-growing recreational cannabis markets in the United States. Quality Roots' position as an established operator with 12 locations across the state ensures high brand recognition and consistent operational success at this site.
Detailed Property Specifications
| Asset Parameter |
Property Details |
| Property Type |
Retail / Freestanding Commercial |
| Tenant |
Quality Roots (Single Tenant) |
| Lease Type |
Absolute NNN (Zero Landlord Responsibilities) |
| Purchase Price |
$1,440,000 |
| Cap Rate |
10.00% |
| Net Operating Income (NOI) |
$144,000 |
| Price Per Square Foot |
$444.99 / SF |
| Building Size |
3,236 SF |
| Lot Size |
0.31 Acres |
| Year Built |
1968 |
| Lease Expiration |
March 31, 2031 (Plus 3 x 5-Year Options) |
| Parking Ratio |
20 Spaces (6.25 per 1,000 SF) |
| Frontage |
137 Feet along Walton Boulevard |
| Zoning |
C-3 / BI (Business/Commercial) |
Quick Glance
- Listing ID:
CL-Michigan-28085
- Status:
Active
- Year Build:
1968
- Building Size:
3,236 SqFt
- Lot Size:
0 Acr
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