$444.44 Per Sq Foot $22,547 est/mo Sourced by Back At You

16224 Koala Road,Adelanto, CA 92301

Adelanto CA, 92301

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Description

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!

Details

MLS#HD23222850
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1997
Days On Site225
Listing Provided ByLee & Associates 760-241-5211 | Paul Casilla
Buying Commision$0

Features

SQ Feet9,450
Story(s)1
Building(s)1
ZoningAdelanto Industrial Park
Acreage0.94

Market Activity 92301

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountySan Bernardino
CityAdelanto
Zip Code92301
AreaADL Adelanto
Listing VS Median (in 92301)
Price:
$4,200,000
low | high
Med:
$382,500
100% of Average
SqFt:
9,450
low | high
Med:
1,210
100% of Average
$ / SqFt:
$444
low | high
Med:
$316
78.794069126271% of Average
On Site:
225
low | high
Med:
35.000000
100% of Average
Sourced by Back At You
Listing Updated: June 28, 2024 at 1:17:12 PM PDT