56877 Gratiot AveNew Baltimore, MI 48051

For Sale
$1,500,000

Adult-use license, prime location

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity in Chesterfield Township, MI, presents a fully licensed and permitted adult-use cannabis provisioning center. This 3,200 square foot, freestanding building is under construction and will be delivered in a white-box condition by the first quarter of 2025. The property boasts a highly desirable 20-year triple-net (NNN) lease at $16,670 per month, with annual rent increases. Situated on a 3.01-acre lot on heavily trafficked Gratiot Avenue (19,816+ vehicles per day), this location offers unparalleled brand visibility and accessibility. The building includes prominent signage and ample parking for 50 vehicles. This is one of only four provisioning center licenses in Chesterfield Township, making it a rare and highly sought-after asset. The M-2 zoning ensures flexibility and future development potential. A planned second retail building on the site will further enhance co-tenancy synergy and attract additional foot traffic. The surrounding area features a dense residential population and several national retailers, creating a strong and stable market for this unique investment. The asking price is $1,500,000, representing a price per square foot of $468.75. This turnkey opportunity provides immediate access to a thriving market with significant growth potential.

Highlights

  • Adult-use provisioning center license and leasehold rights available for sale in Chesterfield Township, MI.
  • One of four provisioning center licenses in Chesterfield Township.
  • 20-year NNN lease at $16,670/month, with annual rent increases.
  • New 3,200 SF building, delivered in white-box condition Q1 2025, including prominent signage and 50 parking spaces.
  • High-traffic location on Gratiot Avenue (19,816+ VPD), offering excellent visibility and strong co-tenancy potential in a densely populated residential area.

Property Details for 56877 Gratiot Ave

Property type
Other retail properties, Individual retail properties
Square Feet
3,200 SF
Lot Size (sq. ft)
131,116 SF

Location Insight

City
New Baltimore
County
Macomb
State
Michigan
Latitude
42.7176569
Longitude
-82.7986299
56877 Gratiot Ave, New Baltimore, Michigan

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56877 Gratiot Ave
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