Flagship Turnkey Berkley Dispensary On Woodward (FOR SALE/LEASE)
28557 Woodward Avenue, Berkley, MI
$3,300,000
Status: For Sale
Sale Price: $3,300,000
Building Sq Ft: 3,450 sq. ft.
Location: Berkley, MI
Use: Retail
Additional: The deal does NOT include the real estate and the new purchaser would have to assume the lease of ~$15,000/mo
Opportunity Description
Come take a look at this incredibly rare opportunity to purchase a turnkey, premier flagship dispensary off Woodward Ave., in Berkley Michigan. The facility suite is 3,450 square feet with the ability to expand, and will be one of the only dispensaries situated on the historic and burgeoning Woodward Ave. This location boasts a remarkable two-way AADT of 80,000+ cars. Oakland county is one of the most sought after locations because of it’s average family income, as well as its’ dense population of nearly 1.3M people. This location is currently situated with 30+ parking spaces inclusive of free street parking on Wiltshire.
The deal does NOT include the real estate and the new purchaser would have to assume the lease of ~$15,000/mo. The Sellers are not looking to partner or JV on this location however, they are open to holding a note on a portion of the purchase price for qualified purchasers. Please feel free to reach out if you have any interest in expanding your brand and acquiring this premier location
Investment Highlights
Inventory Included: No
Accounts Receivable Included: No
Furniture, Fixtures & Equipment (FF&E) Included: Yes
Outstanding Liabilities & Debts: No
License Status: Active – Current
License Type: Recreational/ Adult Use
License Activities: Retail / Dispensary
Business Location: Leased
Rent: $15,000
Number of Parking Spaces: 25
Size: 3,450 Sq. Ft.
Utilities: Electricity, City Water
Financing: Owner Financing
Broker Co-Op: Yes
NDA Required: No