Active
Sale
Industrial
Cannabis
ID 88aa1f6d
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
- 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
