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Green Dragon NNN Cannabis Cultivation Campus

160 Comfort Road, Palatka, FL, USA
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  • Cannabis Real Estate Listings | Cannabis Retail Properties For Sale
  • Cannabis Real Estate Listings | Cannabis Retail Properties For Sale
  • Cannabis Real Estate Listings | Cannabis Retail Properties For Sale
  • Cannabis Real Estate Listings | Cannabis Retail Properties For Sale
  • Cannabis Real Estate Listings | Cannabis Retail Properties For Sale
  • Cannabis Real Estate Listings | Cannabis Retail Properties For Sale

Listing ID : 812952

Listed On June 26, 2024 View Count 18

Listing Updated June 26, 2024

Price For Sale:
$17,060,000
Cap Rate:
10%
Size:
415,733 Sq. Ft.
Lot Size:
29.19 Acres
Zoning:
IH
Year Built:
1986
Facility & Tenant Improvements:
The facility itself is outfitted with state-of-the-art equipment and systems designed to optimize cannabis production. Features include two fully built-out grow rooms, advanced electrical systems, and high-efficiency HVAC systems tailored for climate control across cultivation areas. The campus’ ongoing expansion will include additional grow rooms.
Cannabis or Hemp Use:
Cannabis Only
Terms of Sale:
Cash
NDA Required:
Yes
Company Name:
Marcus & Millichap
Phone:
786-522-7009
Email:
sandelinlistings@marcusmillichap.com
Description :

Marcus & Millichap is pleased to present a state-of-the-art cultivation and production center located at 160 Comfort Road in Palatka, Florida. This modern facility, secured under a long-term net lease with Green Dragon, encompasses 415,733 square feet of state-of-the-art infrastructure designed for the efficient and scalable production of cannabis and related products.

The subject property benefits from a corporate guarantee by parent company of Green Dragon. Under the umbrella of Eaze Technologies, the company is a leader in the cannabis sector with a strong market presence in Florida, Colorado, California, and Michigan. The lease has 7+ years remaining and features annual rent increases. Green Dragon’s Florida business operations consists of a vertically integrated model that includes cultivation, manufacturing, packaging, extraction, and retail, all underpinned by a single, expansive Medical Marijuana Treatment Center (MMTC) license which permits unlimited retail outlets and cultivation facilities. Currently, the state of Florida boasts the fastest medical marijuana growth in the nation.

Situated in Palatka, the property is poised to benefit from both demographic and economic growth within the region. Palatka’s strategic location in Florida, combined with a favorable business climate and Florida’s increasing demand for medical cannabis, offers a uniquely promising investment outlook.

The facility itself is outfitted with state-of-the-art equipment and systems designed to optimize cannabis production. Features include two fully built-out grow rooms, advanced electrical systems, and high-efficiency HVAC systems tailored for climate control across cultivation areas. The campus’ ongoing expansion will include additional grow rooms.

This investment represents a rare opportunity to own a significant asset in one of the nation’s fastest-growing cannabis markets. Green Dragon’s established brand and operational expertise, the expansive and adaptable physical infrastructure, and very favorable real estate fundamentals, combine to put investors in an ideal position to capitalize on the rapidly evolving Florida cannabis market.

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Marcus & Millichap
License:FL SL636794

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