Active For Sale Industrial
Cannabis Cultivation Sale Leaseback Investment
520 Hammontree Dr, Morenci, MI, 49256
ID 88aa1f6d
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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.