• Absolute NNN Lease — Zero Landlord Obligations, Tenant is solely responsible for all real estate taxes, property insurance, CAM, HVAC maintenance, plumbing, Roof, Management, and repairs. Landlord has no ongoing obligations — true passive income from day one.
• Attractive Yield – Property is being offered at a year-1 in place cap rate of 8.25%.
• Below Replacement Costs – The property is being offered at approximately $363/SF, below estimated replacement cost.
• Former Bank Building – This investment opportunity features a former bank building that has been successfully repurposed into a medical cannabis dispensary. The building’s secure infrastructure, strong frontage, and ample parking make it an ideal fit for a cannabis operator.
• 3-Lane Drive-Thru – The property offers a significant competitive advantage with its fully equipped three-lane drive-thru, providing enhanced operational efficiency and greater revenue potential compared to traditional brick-and-mortar cannabis dispensaries that lack this feature.
• Large Lot – The subject property sits on approximately +3.13 acres, offering excess land that provides potential for future redevelopment or expansion.
• Double Personal Guarantee – The lease is backed by two successful business leaders, including a senior executive of a global manufacturing company with substantial revenue and institutional-grade leadership experience, and the founder/operator of the tenant with extensive experience operating and consulting for cannabis businesses in highly regulated markets, providing enhanced credit support and multiple layers of financial security for investors.