Commercial Investment Opportunity
Approved & Operating Cannabis Facility
2 Buildings - 44,000 TOTAL SF
Great opportunity to add an incredible asset to your portfolio. This property is located just outside of Lansing, MI, in a marijuana based industrial park and is brand new construction with two (2) buildings (44,000 Total SF) which hold licenses for LICENSED AND STATE APPROVED GROWING, PROCESSING, AND THE SECURED TRANSPORT OF CANNABIS. Each building currently has its own tenant and both are under new five (5) year triple net leases with five (5) year options. Both leases have two percent (2%) annual lease increases. The entire property is gated and secure. The current actual Net Operating Income is $512,000 with a walk in CAP Rate of 8.12%.
THIS LICENSED AND PROFESSIONALLY RUN CANNABIS FACILITY GROWS THE MARIJUANA, PROCESSES THE PRODUCT, CONDUCTS LAB WORK AND SECURELY TRANSPORTS THE CANNABIS.
LEASE DETAILS 44,000 RENTABLE SQUARE FEET TWO OPERATING TENANTS – 100% OCCUPIED BRAND NEW 5 YEAR NNN LEASES WITH 5 YEARS OF OPTIONS 2% ANNUAL RENT INCREASES TENANT 1 | 36,000 SF | $12/SF
TENANT 2 | 8,000 SF | $10/SF
"Your #1 Source for Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY, LLC
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*