520 Hammontree Dr, Morenci, MI 49256

Building Details

Year Built

2018

Listing office m***@fortisnetlease.com Show Phone

Listing date Nov 21, 2025

Source Fortisnetlease

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All listing content including descriptions, pricing, images are the copyrighted material of Marvin Delaura

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Overview

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.

Map

City

Morenci

County

Lenawee

State

Michigan

Longitude

-84.2204

Latitude

41.7515

FAQs

What type of property is this?

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

Where is this cannabis property located?

The property is located at 520 Hammontree Dr Morenci, MI.

What is the lease rate?

The lease rate is $2,750,000.

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.