Posted on June 7, 2022 / 235Listing ID: 409128APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : Inquire for Price
Status : ACTIVE
Price for Lease : $1.56 / year per sq. ft. for the usable space
Size : 287,350 sq. feet with 230,000 sq. feet of cultivation space
Lot Size (Acres) : 61.8 acres
Lease Type : Modified Gross
Power (AMPS) : 400 amps
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Recreational
City Tax Rate : 50 % off for the next 3 years- 0.55/sq. ft
Utilities : Water, Electricity, Gas, Sewer
Company Name : Original Indian Meadows, LLC
Phone : 707 337-5745

Original Indian Meadows, LLC  previously known as 

Bottle Rock Herbal Medicine, LLC 

13095 Bottle Rock Road 

Cobb Mountain, CA 95426 

(707) 337-6583 

Attn: Charleen or Joleen 

Non-Binding Property Lease Term Sheet 

June 7, 2022

OVERVIEW 

Bottle Rock Herbal Medicine’s (BRHM) property sits on a total of 61.8 acres of private land, with cannabis cultivation available on three – one acre parcels. The property boasts: a 5-gallon per minute well, cafeteria (full commercial kitchen with separate interior seating area), swimming pool, an enclosed hut (divided into two units for additional sleeping quarters), 2x barns, 14x bungalows, restroom/shower rooms, pump house; with two 5500 gallon water storage tanks, and a freshwater pond; with 10 acre feet of water when full. 

OFFER 

Independently evaluated, and inclusive of the added value the amenities bring to the property, it’s estimated that leasing the property for cannabis cultivation would cost between $180-$200k per cultivation acre (3x), or $45,000-$50,000 per month. 

BRHM is seeking a cannabis cultivation group to lease  the farm property for $1.56/usable  space per sq. ft per year / $39,600. per month; plus 3.69% of gross profit (revenue minus direct COGS). This structure is intended to be beneficial to both lessee and lessor by minimizing the production costs of lessee, and acting as a non-guaranteed upside to lessor for discounting the lease price. 

SPECIFICATIONS 

Lease will be for a 5-year term, with a renewable option for an additional 5-years. Lease will include an early termination clause to exit the lease after 2-years, for a one-time fee of $450k (solely at lessee’s discretion). 

Lessee must hold general liability insurance with a minimum of $4M of coverage on the property. Lessor must be included as an additional insured on the policy. 

3-months security deposit plus 1st month rent due upon signing. 

Lease terms will be triple net. All upgrades, maintenance, and upkeep of the property will be the responsibility of Lessee.

Lessee can only sublease cultivation parcels to companies they control and/or operate, and will be held responsible for the property. 

Lessee will be permitted to secure three cannabis cultivation licenses (either outdoor or greenhouse) on the property. Any additional licenses must be discussed with and approved by Lessor on a case-by-case basis. 

Lessee must maintain local authorization and state cannabis licenses in order to legally cultivate cannabis on the property. 

Lessee will not at any time cultivate cannabis without a license. 

Any updates and/or modifications to structures on the property or additions to the property must be pre-approved by Lessor prior to development. Lessor desires Lessee to be successful in their operation, and will not disallow or not permit activities necessary to Lessee’s operation without substantial cause or reason (legal or otherwise). 

Lessor will have the right to visit the property given 24 hour notice prior to visit. Lessee will not host any public events or parties at the property. 

No fishing will be allowed in the pond. 

ADDITIONAL INFORMATION 

– Archaeological survey 

– Biological survey 

– Civil engineering stamp/approval on bridge allowing 75,000 lbs load 

– Survey Maps, site maps 

–  Major Use permit

– State licensed for 2 years in a row for 130,000 sq. feet of sun-grown /hoop-house canopy 

This is a legally non-binding term sheet. Nothing in this term sheet establishes any type of relationship or guarantee. 

Original Indian Meadows, LLC 

__________________ ___________________ ___________________

Joleen Wignall, Charleen Ewing & Lawrence Sekara

Property Owners

Contact Listing Owner
Cannabis & Hemp Banking
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