Rittertime is offering a sale-leaseback of a state-of-the-art and turn-key cannabis cultivation, extraction and manufacturing facility which will be converted into a premier cannabis production facility for wholesale cannabis products. At full capacity, the facility will produce over 25,000 pounds of Grade A cannabis flower annually.
Sunhouse is the developer of the project and will be the licensed operator of the facility. They currently operate under 4 licenses in a 21,000 SF state-of-the-art cultivation facility in Denver, Colorado and strive to be the best-in-class multi-state operator in Colorado, California and Massachusetts in the Medical and Adult-Use cannabis industry.
The proposed sale-leaseback transaction provides investors with an opportunity to make a long-term real estate focused investment in Massachusetts’ legalized cannabis industry by acquiring a mission-critical facility that is 100% NNN leased on a long-term basis, at a price offering extremely attractive yields.
|PROPERTY:||58,464 SF on 3.48 AC|
|FACILITY:||State of the art cultivation, extraction and manufacturing|
|LEASE TERMS:||10-year NNN|