Discover this investment opportunity with a Single Tenant NNN Cannabis Investment, currently generating a monthly cash flow of $24,061.21. The lease, initiated in September 2020, extends through August 31, 2030, providing a solid seven years of lease term remaining. Enjoy the assurance of a 3.00% annual increase to the base rent, ensuring continued growth! The tenant has committed to the property through substantial improvements, and their approach includes collaboration with a consultant to execute planned enhancements and secure a Conditional Use Permit from the City of Adelanto. The tenant has consistently met rent obligations since the sixth month of the first year. With a lease duration, consistent cash flow, and tenant-driven property enhancements, this investment stands as a compelling prospect in the cannabis market. Don't miss out on the opportunity for a stable and thriving investment!
HD23222850
Industrial, Business Opportunities, 1 Story
San Bernardino
1997
0.9403
Acres
Public
1
9,450
Sq. Ft.
Electricity Connected,Sewer Connected,Water Connected
1 Total
Detailed Room Information
- Laundry
- None
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Zoning
- Adelanto Industrial Park
- Additional Exterior/Lot Features
- Rectangular Lot,Yard.
Financial Considerations
3129261720000
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