Listing ID : 963180
Listed On June 30, 2026 1
Listing Updated June 30, 2026
WeCann is pleased to present this exclusive listing to purchase a cannabis-leased NNN investment in Sacramento’s premier cannabis industrial corridor. This single-tenant warehouse is leased to Connected Cannabis Co., one of California’s most respected and financially strongest cannabis operators, and used as a licensed cultivation and production facility. The in-place cap rate is 8.3% on an asking price of $3,300,000, with scheduled escalations growing that yield to 9.3% in 2029, 10.5% in 2034, and 11.8% through the first renewal option.
What sets this offering apart is its downside protection profile. At $287/SF, the asking price carries only a 25% premium over the $230/SF standard industrial market value — not the double or triple market multiples common in retail cannabis investments. Even in a worst-case re-tenanting scenario at standard industrial rents, the asset produces a 5.3% cap rate at asking. The rent premium is modest, the basis is grounded, and the tenant has never missed a payment. This property is available individually or as part of a three-property Connected Cannabis NNN portfolio. Contact WeCann today to execute an NDA and receive the full Offering Memorandum.
PROPERTY & LEASE HIGHLIGHTS
– 8111 37th Ave, Sacramento, CA 95824
– 11,500 SF single-tenant industrial warehouse | 0.69 AC lot
– Active California cannabis cultivation license
– Base rent: $22,838/month NNNLease expires March 31, 2034 — 2 x 5-year renewal options
– Rent escalation: +12.5% every 5 years
– Zero late payments — perfect on-time payment record per seller
– Corporate guaranty: Connected International Inc.
– Zoning: M-1S (Light Industrial) | Subdivision: Fuller Industrial Park | Year built: 1961
– Available individually or as part of a 3-property Connected Cannabis NNN portfolio
INVESTMENT RETURNS AT A GLANCE
– Asking price: $3,300,000 | $287/SF
– Annual NOI: $274,056In-place cap rate: 8.3%
– 2029 escalation (+12.5%): NOI grows to $308,316 — cap rate increases to 9.3%
– 2034 escalation (+12.5%): NOI reaches $346,860 — cap rate grows to 10.5%
– Full term through 2039 (Renewal 1): NOI reaches $390,216 — cap rate grows to 11.8%
– Downside protection: re-tenanted at standard industrial rents ($1.25/SF/mo), asset still produces a 5.3% cap rate at asking
LOCATION & SUBMARKET
– Power Inn Road corridor — Sacramento’s primary cannabis industrial zone
– Fuller Industrial Park — established M-1S industrial subdivision
– US-50: ~1 mile | I-5: ~3 miles | Rail access adjacent per aerial
– Sacramento is home to the California Department of Cannabis Control — one of the most legally mature and – – operationally stable cannabis markets in the state
– Cannabis cultivation licenses are address-specific — Connected cannot relocate its Sacramento production operations without a new license application, creating deep structural occupancy motivation
Contact Listing Owner
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