Listing ID : 707185
Listed On May 6, 2024 2197
Listing Updated June 5, 2024
The Chino Valley Cultivation Facility has been one of the leading cannabis operations in the Arizona cannabis market for over five years. The property is 100% leased under a NNN Lease Agreement with a term through May 2040, leased to a top Arizona, vertically-integrated cannabis company, backed by a major national cannabis capital firm.
The site has been recently renovated by the operating tenant, with approximately $10 Million worth of capital improvements. Only 36% of the property has been developed, including +/- 17 acres of secured/fenced development of +/- 47 acres of total property. Within the existing secured perimeter, the site currently includes +/- 100,000 square feet of operating facility space, with an additional +/- 60,000 square feet of utility and pad-ready area to build future operational infrastructure.
The most recent expansion/improvement project included a brand-new ground-water well and RO filtration system, a 90-space parking lot, paved roadway infrastructure, and a complete upgrade to the utility systems found on the property, including 2500 KVA transformer access and Fiber/Cat6 underground for the security and communication systems. The Property sits alongside AZ Highway 89, a major improvement corridor.
Full Offering Memorandum available with a completed NDA found here: www.zonedproperties.com/nda
Please complete NDA and email [email protected] for OM and more information. Thanks!
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