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For Sale

Cannabis Cultivation Sale Leaseback Investment

520 Hammontree Dr,
Morenci, MI 49256
Represented by
Fortis Net Lease

Asset Snapshot

Memory Care
Industrial Subtype
2018
Year Built
2018
Year Renovated
1
Floor Count
8.47 Acres
Land Area
100%
Occupancy

Offering Summary

Investment Overview

Fortis Net Lease is pleased to present this multi-tenant, free-standing Cannabis Cultivating, large scale extraction and processing facility located on 520 Hammontree Dr, Morenci, MI. At the close of escrow, both tenants will sign a brand new 10-year lease which will expire in 2034. The Absolute NNN leases will require zero landlord responsibilities and will feature 2.0% annual increases. This is an ideal opportunity for an investor to purchase a passive income real estate asset with limited responsibilities. The tenants are responsible for all property taxes and insurance.


Investment Highlights

  • New 10-Year Leases Signed at COE
  • Newly Built Construction
  • 2.0 % Annual Rent Increases
  • Absolute NNN Lease - Zero Landlord Responsibility

How it Works

Need Help?

Your brokers are your first point of contact for any listing or process questions. For additional support:

Listing Syndicated From

Buildout
For Sale
$2,750,000
Asking Price

Investment Sales Broker

Marvin Delaura
Fortis Net Lease