Rare opportunity for a ?agship location! Located in the heart of one of Oakland County's high-income suburbs, it is one of a select few Provisioning Centers in the immediate area. Operating Adult-Use/Medical Provisioning Center available for sale - Business/License & real estate available. Buyer has the option to purchase the Business/License and lease the real estate. Approximately $1M +/- worth of inventory can be purchased separately. Opened for business in late 2021, with a steady monthly increase in sales. This location is currently averaging approximately $600,000 per month in revenue and has room for improvement. Current ownership operates near a 60% gross pro?t margin, making this a more attractive value-add opportunity than the model of 35-45% gross pro?t margin for most other Michigan Provisioning Centers. Freestanding building that was brand-new ground-up construction before its opening in 2021. The site includes 22 parking spaces, plus ample street parking, and a prime monument sign for excellent brand exposure. Great synergy in the immediate marketplace surrounded by a dense high-income residential population, as well as, several national/regional tenants.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
