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.