16224 Koala Road, Adelanto

$4,200,000

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0 Bed
0 Bath
.94 Acre
0 Garage

Discover this investment opportunity with a Single Tenant NNN Cannabis Investment, currently generating a monthly cash flow of ±$24,061.21. The lease, initiated in September 2020, extends through August 31, 2030, providing a solid seven years of lease term remaining. Enjoy the assurance of a 3.00% annual increase to the base rent, ensuring continued growth! The tenant has committed to the property through substantial improvements, and their approach includes collaboration with a consultant to execute planned enhancements and secure a Conditional Use Permit from the City of Adelanto. The tenant has consistently met rent obligations since the sixth month of the first year. With a lease duration, consistent cash flow, and tenant-driven property enhancements, this investment stands as a compelling prospect in the cannabis market. Don't miss out on the opportunity for a stable and thriving investment!

Essential Information

MLS® #
HD23222850
Price
$4,200,000
Bathrooms
0.00
Acres
0.94
Year Built
1997
Type
Commercial Sale
Sub-Type
Industrial
Status
Active

Community Information

Address
16224 Koala Road
Area
ADL - Adelanto
City
Adelanto
County
San Bernardino
Zip Code
92301
Senior Community
N

Utilities

Electricity Connected, Sewer Connected, Water Connected

Interior

# of Stories
1

Exterior

Lot Description
Rectangular Lot, Yard

Additional Information

Date Listed
December 7th, 2023
Days on Market
152
Zoning
Adelanto Industrial Park

Listing Details

Agent
Paul Casilla
Office
Lee & Associates

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Based on information from California Regional Multiple Listing Service, Inc. as of May 8th, 2024 at 4:11pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.