A Cannabis Leasing Success Story

Understanding the importance of community in business, the owner tapped into the experiences of neighboring property owners. This local insight revealed the lucrative potential of leasing to cannabis businesses, a sector ready to pay a premium for the right space.

Through diligent networking, we identified several prospective cannabis tenants, each with unique proposals. Prioritizing long-term stability and profitability, we facilitated the selection of a tenant offering the most favorable lease conditions.

Recognizing the unique value the warehouse offered to cannabis operations, especially in a challenging location, we negotiated a lease rate $.50 per square foot higher than other industries would bear. This strategic positioning capitalized on the high demand among cannabis businesses for compliant spaces.

To safeguard the investment's growth, the lease included a 3% annual increase, ensuring a steady rise in income over the 5-year term. Additionally, innovative clauses like tenant-funded improvements and later, a parking lot fee, maximized return without added owner expense.