Cannabis Cultivating & Processing
For Lease
$2,750,000 NNN
520 Hammontree Dr, Morenci, MI 49256
Multi-tenant cannabis facility with new 10-year leases and annual increases.
Space SizeContact for details
Days on Market272
Property Features for 520 Hammontree Dr
General Information
Standard status
Active
Property subtype
Industrial
Net Operating Income
$275
Building Details
Year Built
2018
Listing Agency:
(248) 770-1966
Listed By:
Marvin Delaura
(248) 770-1966
Source:
Fortisnetlease
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 20 at 5:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marvin Delaura
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 49256, MI
3,909
Population
1,608
Households
2.4
Avg Household Size
40
Median Age
12%
College-Educated
88%
High-School Grad
60.5 sq mi
ZIP Area
65
Density / Sq Mi
$60,982
Median Household Income
$32,056
Median Earnings
$778
Median Rent
$112,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
