---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-040154"
form_type: "8-K"
ticker: "ZDPY"
cik: "0001279620"
company_name: "Zoned Properties, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:48:15.311026+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Zoned Properties amends cannabis facility lease; tenant commits $850k capital improvements and store opening

## Summary
- Tenant Rapid Fish LLC to spend $850,000 on capital improvements at Woodward Ave premises in Pleasant Ridge, MI.
- Renovation must be completed within 3 months; failure constitutes default.
- Lease term extended to 18 years from initial term; security deposit partially refunded as rent credits.
- Rent reduction of $3,846/mo possible if North Lot parking obligations are released within 18 months.
- Original guarantors reaffirm guarantee; may be released after 14.5-year lease term.

## SEC filing metadata
- accession: 0001213900-24-040154
- form_type: 8-K
- ticker: ZDPY
- cik: 0001279620
- company_name: Zoned Properties, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1279620/000121390024040154/0001213900-24-040154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1279620/000121390024040154/ea0205353-8k_zoned.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-040154
- JSON: https://secwatch.observer/filing/0001213900-24-040154.json
- Plain text: https://secwatch.observer/filing/0001213900-24-040154.txt

## Key facts
- Material Agreements
  Zoned Properties, Inc. amended First Amendment to the Absolute Net Lease Agreement with Rapid Fish, LLC (effective 2024-05-01).
  - Action: amendment
  - Agreement: lease
  - Counterparty: Rapid Fish, LLC
  - Effective: 2024-05-01
  source text: On May 1, 2024, ZP Woodward and Rapid Fish, LLC (the “Parties”), with individual Guarantors, Thomas Nafso and Ammar Kattoula (the “Guarantors”), entered into a First Amendment to the Absolute Net Lease Agreement (the “First Amendment”) pertaining to premises located at 23600-23634 Woodward Ave, Pleasant Ridge MI 48069.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279620/000121390024040154/0001213900-24-040154-index.htm

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