WeCann is proud to exclusively offer one of the highest-yielding large-format cannabis NNN investments currently available in California — 5860 88th St, a 41,600 SF cultivation facility in Sacramento’s Power Inn corridor, leased NNN to Connected Cannabis Co. at $82,688 per month with zero late payments for 7+ years and a full corporate guaranty from Connected International Inc. At an 10.02% in-place Cap Rate, this offering delivers over 350 basis points above what comparable non-cannabis industrial assets have traded at in the Sacramento market.
This is one of the largest single-tenant cannabis cultivation footprints available for purchase in California, and the tenant’s motivation to stay goes beyond the lease. Connected Cannabis Co. was founded in Sacramento in 2009 — this facility sits at the heart of their original supply chain, and a cannabis cultivation license is address-specific. Relocating would mean starting a multi-year licensing process from scratch. That structural occupancy motivation, combined with a building whose heavy-power infrastructure supports a credible conventional re-tenanting floor, makes this a fundamentally different risk profile than most cannabis NNN offerings on the market. This property is available individually or as part of a three-property Connected Cannabis NNN portfolio. Please download the offering memorandum for additional information.