---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-077621"
form_type: "8-K"
ticker: "ZDPY"
cik: "0001279620"
company_name: "Zoned Properties, Inc."
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:27:33.538958+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Zoned Properties subsidiary acquires option to buy Michigan cannabis real estate portfolio for $1.02M

## Summary
- Paid $437,154 for exclusive 90-day option to purchase three parcels in Pleasant Ridge, Michigan for $1,020,000.
- Executed 14-year 4-month triple-net lease with Rapid Fish 2 LLC for cannabis facility; two 5-year renewal options.
- Repurchase agreement lets ZP Woodward require sellers to buy back property at cost plus $1,020,000 plus expenses.
- Seller may acquire 25% equity in ZP Woodward for $600,000 plus 12% interest, reducing monthly lease to $417,822.
- Master agreement allows seller to buy 25% interest if company acquires Grand Rapids property for ≤$1.16M.

## SEC filing metadata
- accession: 0001213900-22-077621
- form_type: 8-K
- ticker: ZDPY
- cik: 0001279620
- company_name: Zoned Properties, Inc.
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1279620/000121390022077621/0001213900-22-077621-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1279620/000121390022077621/ea169621-8k_zonedpro.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-077621
- JSON: https://secwatch.observer/filing/0001213900-22-077621.json
- Plain text: https://secwatch.observer/filing/0001213900-22-077621.txt

## Key facts
- Material Agreements
  Zoned Properties, Inc. entered into Woodward Lease with Rapid Fish 2 LLC (effective 2022-11-29).
  - Action: entry
  - Agreement: lease
  - Counterparty: Rapid Fish 2 LLC
  - Effective: 2022-11-29
  source text: On November 29, 2022, ZP Woodward, as landlord, entered into a Licensed Cannabis Facility Absolute Net Lease Agreement (the “Woodward Lease”) with Rapid Fish 2 LLC, as tenant (“Woodward Tenant”), whereby ZP Woodward leased the Woodward Property to the Woodward Tenant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279620/000121390022077621/0001213900-22-077621-index.htm
- Material Agreements
  Zoned Properties, Inc. entered into Repurchase Agreement with FL MI RE 22, LLC, Ammar Kattoula and Thomas Nafso (effective 2022-11-29).
  - Action: entry
  - Counterparty: FL MI RE 22, LLC, Ammar Kattoula and Thomas Nafso
  - Effective: 2022-11-29
  source text: On November 29, 2022, ZP Woodward, the Woodward Seller, Ammar Kattoula and Thomas Nafso (the Woodward Seller, Mr. Kattoula and Mr. Nafso collectively referred to as the “Repurchasers”) entered into a Real Estate Repurchase Agreement (the “Repurchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279620/000121390022077621/0001213900-22-077621-index.htm
- Material Agreements
  Zoned Properties, Inc. entered into Master Agreement with FL MI RE 22, LLC, Ammar Kattoula and Thomas Nafso (effective 2022-11-29).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: FL MI RE 22, LLC, Ammar Kattoula and Thomas Nafso
  - Effective: 2022-11-29
  source text: On November 29, 2022, ZP Woodward, the Woodward Seller, Ammar Kattoula and Thomas Nafso entered into a Master Agreement for Purchase and Sale (the “Master Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279620/000121390022077621/0001213900-22-077621-index.htm
- Material Agreements
  Zoned Properties, Inc. entered into Option Agreement with FL MI RE 22, LLC valued at $437,154 (effective 2022-12-01).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: FL MI RE 22, LLC
  - Value: $437,154
  - Effective: 2022-12-01
  source text: On December 1, 2022, ZP RE MI Woodward, LLC (“ZP Woodward”), a wholly owned subsidiary of ZP RE Holdings, LLC, which is a wholly owned subsidiary of Zoned Properties, Inc. (the “Company”), entered into an Exclusive Option Agreement for the Purchase of Real Property (the “Option Agreement”), dated December 1, 2022 between ZP Woodward and FL MI RE 22, LLC (the “Woodward Seller”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279620/000121390022077621/0001213900-22-077621-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.