Active
Sale
Industrial
Cannabis

Cannabis Cultivation Sale Leaseback Investment

520 Hammontree Dr, Morenci, MI 49256

For Sale

$2,750,000

$101.85/SF

Building Size
27,000 SF
Lot Size
2.8238 ac
County
Lenawee
DOM
215
Listed
03/18/2026
Updated
03/18/2026

Overview

Fortis Net Lease is pleased to present this multi-tenant, free-standing Cannabis Cultivating, large scale extraction and processing facility located on 520 Hammontree Dr, Morenci, MI. At the close of escrow, both tenants will sign a brand new 10-year lease which will expire in 2034. The Absolute NNN leases will require zero landlord responsibilities and will feature 2.0% annual increases.

This is an ideal opportunity for an investor to purchase a passive income real estate asset with limited responsibilities. The tenants are responsible for all property taxes and insurance.

  • New 10-Year Leases Signed at COE
  • Newly Built Construction
  • 2.0 % Annual Rent Increases
  • Absolute NNN Lease - Zero Landlord Responsibility

Additional Information

City
Morenci
County
Lenawee
State
MI
Zip Code
49256
Latitude
41.714263
Longitude
-84.205934
Secondary Uses
Cannabis
Parcel APN
XM0-300-7080-00
Listing ID
88aa1f6d

Parcel & Location