Listing ID : 963180
Listed On August 25, 2026 195
Listing Updated October 19, 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 11.42% on an asking price of $2,400,000, with scheduled escalations growing that yield to 12.85% in 2029, 14.45% in 2034, and 16.26% through the first renewal option.
What sets this offering apart is its downside protection profile. At $209/SF, the asking price is about 9% below 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 7.19% 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: $2,400,000 | $209/SF
Annual NOI: $274,056In-place cap rate: 11.42%
2029 escalation (+12.5%): NOI grows to $308,316 — cap rate increases to 12.85%
2034 escalation (+12.5%): NOI reaches $346,860 — cap rate grows to 14.45%
Full term through 2039 (Renewal 1): NOI reaches $390,216 — cap rate grows to 16.26%
Downside protection: re-tenanted at standard industrial rents ($1.25/SF/mo), asset still produces a 7.19% 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
Coming Soon: Everything you need to run your business in one place!
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