41 E Walton Blvd Retail
  • Asking Price
    $1.4MAsking Price
  • Cap Rate
    10%Cap Rate
  • Gross Leasable Area
    3,236 SFGross Leasable Area
  • NOI
    $144KNOI
  • City
    PontiacCity
  • State
    MIState

Description

We are pleased to present this opportunity. Quality Roots is a single-tenant recreational-cannabis retail investment offered for sale at 41 East Walton Boulevard in Pontiac, Michigan. The 3,236-square-foot property is priced at $1,440,000, or approximately $445 per square foot, at a reported 10.00% capitalization rate and $144,000 in net operating income.

The property is leased to Quality Roots under an absolute NNN structure that places operating expenses—including roof, HVAC, parking lot, taxes, insurance and common-area maintenance—with the tenant. Broker materials report that the lease runs through March 2031 and includes three additional five-year renewal options.

Built in 1968, the freestanding building occupies approximately 0.31 acres and provides 20 parking spaces with about 137 feet of frontage along Walton Boulevard. The corridor carries reported traffic exceeding 17,200 vehicles per day and serves a five-mile population of more than 153,000 residents.

Offering Summary

  • Asking Price
    $1,440,000
  • Price PSF
    $445
  • Property Type
    Retail
  • Size
    3,236 SF
  • Built
    1968
  • Parking
    20
  • Total Acres
    ~0.31 ac

Sale Details

  • Cap Rate
    10%
  • NOI
    $144,000

Documents

Property Address

41 E Walton Blvd
Pontiac, MI 48340

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    3,236 SF
  • Frontage (ft)
    137 ft
  • Year Built
    1968
  • Total Parking
    20
  • Acres
    0.31
  • Zoning
    BI
  • APN
    14-08-455-036

Deal Team

Sal Yaldo profile image

Sal Yaldo

Managing Partner
Apex Commercial Real Estate Advisors
MI RE Lic. 6501438965