Map of Property

Cannabis Cultivation Sale Leaseback Investment

For Sale

520 Hammontree Dr, Morenci, MI 49256

This Morenci property for sale is located at 520 Hammontree Dr. The current listed sale price for Cannabis Cultivation Sale Leaseback Investment is $2,750,000. Cannabis Cultivation Sale Leaseback Investment is situated on a lot that is 8.47 acre in size.

Contacts

broker

Marvin Delaura

Fortis Net Lease

Property Details

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 27,000 SF
  • Lot Size 8.47 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 2018
  • Year Renovated 2018
  • Date Updated Sep 25, 2024
  • HVAC None
Morenci is a charming city nestled in Lenawee County, Michigan, near the state's southern border with Ohio. Known for its picturesque surroundings and small-town atmosphere, Morenci offers a welcoming community and a blend of rural beauty. The city features a mix of residential neighborhoods, parks, and local businesses, creating a tight-knit community feel. With its proximity to the Michigan-Ohio border, Morenci enjoys a strategic location that adds to its cultural diversity and regional influences. Residents and visitors alike can explore the town's history through its historic architecture, including well-preserved buildings that reflect the area's heritage. The city's parks provide recreational spaces for outdoor activities and gatherings, contributing to the overall quality of life. Morenci's community spirit is evident through local events, festivals, and a strong sense of civic engagement. The city embraces its roots while embracing modern amenities, making it a delightful place to call home or visit for those seeking a peaceful and scenic escape in the heart of the Midwest.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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

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

Getting around

  • 3/100

    Walk Score ®

  • 40/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Morenci, MI
  • Zip Code 49256

Points of Interest

  • Sunoco

    0.71 miles

  • Marathon

    1.03 miles

  • Citgo

    9.98 miles

  • Morenci Car Wash

    0.61 miles

  • Morenci Dari-ette

    0.30 miles

  • Village Inn Restaurant

    0.64 miles

  • Jeff's Pizza

    0.65 miles

  • Subway

    0.67 miles

  • Pizza Box & Ice Cream

    0.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Marvin Delaura

Fortis Net Lease