Property Intelligence

Located in Hazel Park, Michigan, this 3,854-square-foot retail property presents a fully leased cannabis dispensary investment opportunity. The single-story building was constructed in 2023 and occupies approximately 0.39 acres along Dequindre Road, near the I-75 corridor.

The property is occupied by JARS Cannabis, a recognized multi-state cannabis operator, and is marketed as a net-leased investment with approximately 8.5 years remaining on the lease. At an advertised asking price of $3,182,700, the offering provides investors with an opportunity to acquire specialized cannabis retail real estate supported by an established operating tenant and contractual rental income.

Cannabis Zoning & Licensing Intelligence

The property's active cannabis retail operation and established tenant are its defining investment characteristics.

Michigan Cannabis Regulatory Agency records identify JARS Cannabis at this location under adult-use retailer license. State licensing records show an approved renewal in January 2026, independently supporting the property's established regulated cannabis retail use.

The property is identified in the offering as being within an industrial-zoned district, despite its existing retail cannabis use. Buyers should confirm the applicable local land-use approvals, permitted retail use, and any conditions attached to the existing operation.

The sale is marketed as a real estate investment with an existing tenant. The tenant's cannabis operating license should not be assumed to transfer with the real estate. Any change in ownership or operating structure would remain subject to applicable Michigan Cannabis Regulatory Agency and local requirements.

Cannabis Market & Investment Perspective

At an advertised asking price of $3,182,700, the property is marketed at approximately $825.92 per square foot, with an advertised capitalization rate of 8%.

The offering reports current net operating income of approximately $247,200, increasing to $254,616 at the next scheduled rent escalation. The lease reportedly has approximately 8.5 years remaining and includes 3% annual rent increases.

The single-tenant structure, established JARS Cannabis occupancy, and contractual rent escalations may appeal to investors seeking income-producing cannabis retail real estate rather than an owner-operated dispensary business.

The property's location along Dequindre Road, proximity to I-75, and existing dispensary buildout provide additional commercial relevance. The reported lease economics should be evaluated against the executed lease, rent schedule, tenant guaranty provisions, landlord responsibilities, and any ground-lease obligations.

Investors should also reconcile the offering's stated current NOI with the higher NOI figure shown in its property facts, which appears to reflect the next scheduled rent increase.

GreenZones Intelligence Score: 94/100

GreenZones' editorial assessment reflects the property's active licensed cannabis retail occupancy, established multi-state operator tenancy, modern building improvements, reported long-term lease, and contractual rent escalations.

The combination of an operating cannabis tenant and an income-producing lease structure makes this a highly relevant cannabis commercial real estate investment opportunity. The score represents an informed assessment of cannabis suitability and investment characteristics, not an appraisal or guarantee of investment performance.

About This Market Intelligence Record

This property is included in GreenZones' independent cannabis commercial real estate research. Information is compiled from publicly available sources and may not reflect current availability, pricing, lease terms, zoning, or licensing. Inclusion does not imply broker affiliation, owner authorization, or endorsement. Representative imagery may be used.

Explore More: Michigan Market Intelligence

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