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520 Hammontree Dr Morenci, MI 49256

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For Lease
$2,750,000

Multi-tenant cannabis facility with new 10-year leases and annual increases.

Building Details

Year built
2018

Source: Marvin Delaura Agent Marvin Delaura

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Cannabis Cultivating & Processing Facility

This multi-tenant, free-standing facility is designed for cannabis cultivation, large-scale extraction, and processing. Located at 520 Hammontree Dr, Morenci, MI, the property features new construction. Upon the close of escrow, both tenants will sign new 10-year leases expiring in 2034. The absolute NNN leases require zero landlord responsibilities and feature 2.0% annual rent increases. The tenants are responsible for all property taxes and insurance. Morenci, Michigan, is situated in Lenawee County, near the Ohio border. The city includes residential neighborhoods, parks, and local businesses. The area's history is reflected in preserved buildings. Parks offer recreational spaces, and local events contribute to the community spirit.
Location Intelligence

Current Use by Public Records

Cannabis farms

Map

City
Morenci
County
Lenawee
State
Michigan
Longitude
-84.2204
Latitude
41.7515

FAQs

What type of property is this?
Cannabis farm - Multi-tenant cannabis facility with new 10-year leases and annual increases.
Where is this cannabis farm located?
The property is located at 520 Hammontree Dr Morenci, MI.
What are key features of this property?
This property features: - Brand new 10-year leases signed, expiring in 2034, providing long-term income.; - Absolute NNN leases require zero landlord responsibilities, offering a completely passive investment.; - 2.0% annual rent increases provide a hedge against inflation and increase the return on investment.
More about this property
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