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NNN Licensed Cannabis Grow Facility

$1,650,000

45556 Woodward Ave, Pontiac, MI 48341

Active
Last Updated: 03/18/2026

7.27

Cap Rate

120,000

NOI

Details:
Cap Rate:    7.27%
NOI:    $120,000
Building Size:    6,000 sqft
Occupancy:    100%
Year Built:    2018
Highlights:
  • 6,000-Square Foot Single-Tenant Net Lease Grow Facility (50’ x 120’)
  • New 2018 Construction | 0.47 Acre Parcel
  • Block & Brick Construction with Brand New Parking Lot
  • NNN Lease | No Landlord Responsibilities | Tenant Pays Direct
  • $2 PSF Rent Increases Annually in Base Term ($4 PSF in 1st Option)
  • Rubber Roof with 10-Year Firestone Warranty
  • Located on Woodward Ave | Directly Across from the M-1 Concourse
  • 4 New HVAC Units in 2018 | 4 New HVAC Units in 2022
  • Personal Guaranty from Operator (FJF Enterprises, LLC)
  • Property is Grandfathered For Grower License
  • Includes 3 Separate Caregiver License for 216 Plants
  • 30 Surface Parking Spaces | Great Frontage and Visibility
  • Close Proximity to St Joe’s Hospital and Downtown Pontiac
  • Great Frontage and Visibility on Woodward Avenue (I-75)
  • Woodward Avenue Features over 26,000 Vehicles Traveling Per Day
  • Dense Demographics | Over 9,000 People Within 1 Mile Radius
  • Over 155,000 People in 5-Mile Radius | $101k Income in 5-Mile Radius
  • Located in Oakland County | One of Highest Income Counties in USA
Description:

6,000-Square Foot Single-Tenant Net Lease Grow Facility (50’ x 120’)

Located in Oakland County on Busy Woodward Avenue

Map:
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