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listing
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CommercialFor Sale
$4,200,000
16224 Koala Road
Adelanto, CA 92301
Listed by Paul Casilla DRE#01881506 [email protected] Lee & Associates
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$21,780/mo

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!

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Information courtesy of Lee & Associates is subject to verification and is not guaranteed.
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