Posted on April 12, 2023 / 27Listing ID: 545946APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Banking
Price : $2,448,000
Size : 27360
Lot Size (Acres) : 8.24
Cap Rate : 9.5
Power (AMPS) : 3 phase, heavy amperage
Cannabis or Hemp Use Allowed? : Cannabis
Current Cannabis Business License? : yes
License Type : Medical
Sale Type : Cash, Financing
Company Name : Merritt & Hale Farms, LLC
Phone : 7138143798

The Property is ideally located in Kingston, OK on Hwy 32, which gives great access to Hwy 75 and I-35 which can be used to reach most of the North Texas market. The Seller, M&H Farms currently use the facility as a medical cannabis grow farm. With the upcoming referendum in Oklahoma to legalize cannabis recreationally in March 2023, M&H Farms is looking to raise profits through a sale-leaseback in order to increase production with the likely regulatory changes coming.

M&H Farms will sign a 5-7 year lease at the time of closing at $8.50 NNN with two 5-year options to renew at the then prevailing Fair Market Rental Value. This gives investors the unique opportunity to acquire an income-producing property at below replacement cost, with a Tenant that is positioned for tremendous growth over the next 3-5 years.

Contact Listing Owner
Cannabis & Hemp Insurance
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