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