29999 Groesbeck Hwy 1,305 SF Retail Building Roseville, MI 48066 $4,774,050 ($3,658.28/SF) 8% Cap Rate

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.