Licensed Medical Marijuana Business Park
Triple-Net (NNN) Lease
60,000 Square Foot Building
LICENSED MEDICAL MARIJUANA BUSINESS PARK TEMPE, ARIZONA
The Tempe Medical Marijuana Business Park includes ownership of 2.5 acres of Light-Industrial property. The project has been developed as a mixed-use facility that is planned to service a vertically-integrated business for licensed medical marijuana operators, including cultivation, manufacturing/processing, kitchen, and dispensary facilities. Supporting space includes tenancy for nutrients/hydroponics vendors, corporate offices, and warehouse storage. The property is ideally located within a mile of Sky Harbor International Airport, providing excellent access for national-investors and development partners.
The project includes 60,000 square feet of block-constructed warehouse space. Currently, 22,500 square feet has been leased to our anchor-tenant, including a licensed medical marijuana cultivation facility, processing and kitchen facility, and corporate offices. Future development includes 2,500 square feet planned to be developed as a licensed medical marijuana dispensary site, 25,000 square feet planned to be developed as additional cultivation operations, and 10,000 square feet planned to be developed for a nutrient/hydroponic vendor retail and storage.
The Tempe property also includes a long-term 50-year lease agreement with an antenna provider, which gives the company no-cost, monthly rental revenue.