Meds Café (Cannabis Dispensary) 100 N Main St

The Boulder Group is pleased to exclusively market for sale a single-tenant net leased Meds Café (cannabis dispensary) located in Cheboygan, Michigan. The property was renovated in 2023 for the Meds Café tenancy. They signed a 10-year lease that runs through May 2033. The lease features 12.5% rental escalation every five years throughout the primary term and two 5-year renewal options. The property also features a roof warranty through November 2035. Meds Café was founded in 2018 and has grown to seven locations across the state of Michigan. This location boasts strong sales and is the best performing store of the tenant’s seven locations.
The 2,050-square-foot building is ideally situated along North Main Street, a central thoroughfare in Cheboygan with over 7,700 vehicles passing by daily. The property is surrounded by several nationally recognized tenants, including Dairy Queen, H&R Block, Carquest, Salvation Army, Citizens Bank, Speedway, and GMC, as well as various local businesses. With over 12,700 residents within a ten-mile radius, the area boasts an average household income of $75,869. Furthermore, Michigan’s Marijuana Regulatory Agency (MRA) limits the number of dispensary licenses, reducing competition for Meds Café.
Med’s Café is a cannabis dispensary chain in Michigan, offering a variety of cannabis products including flowers, edibles, concentrates, and CBD products. The company has seven locations throughout Michigan, including in areas like Rogers City, Manistee, and others. Med’s Café is known for providing both medical and recreational cannabis products, catering to patients with medical marijuana cards as well as recreational users. Med’s Café places an emphasis on educating customers about cannabis, aiming to create a welcoming environment for both new and experienced users. They are licensed and regulated by the Michigan Marijuana Regulatory Agency (MRA).