Cannabis Cultivating & Processing
520 Hammontree Dr Morenci, MI 49256
For Lease
$2,750,000 SF/Yr
Multi-tenant cannabis facility with new 10-year leases and annual increases.
Days on Market250
Property Features for 520 Hammontree Dr
General Information
Standard status
Active
Property subtype
Industrial
Building Details
Year Built
2018
Listing Agency:
(248) 770-1966
Listed By:
Marvin Delaura
(248) 770-1966
Source:
Fortisnetlease
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 29 at 6:16AM
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
Location Intelligence
Current Use
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.
