Oakland County – Confidential Provisioning Center

Details

Listing 5027

Asking Price: $8,250,000 (Seller Financing Available)

• Option 1: $8,250,000 (Business/License + Real Estate)
• Option 2: $5,675,000 (Business/License) (Real Estate Lease) $250,000/Year + NNN

Property Highlights

• Rare opportunity for a flagship location! Located in the heart of one of Oakland County’s high-income suburbs, it is one of a select few Provisioning Center’s 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 north of $500,000 per month in revenue and has room for improvement.
• Current ownership operates near a 60% gross profit margin, making this a more attractive value-add opportunity than the model of 35-45% gross profit 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.

Corbin Yaldoo – C3 CRE, LLC – DRE# 6501364626