Cannabis Cultivation Property for sale in Millville , NJ 08332

Class 1 Cultivation (Annual) & Class 2 Manufacturing (Conditional, Annual Pending) license in the state of New Jersey together with a well-located facility that has been leased on attractive terms and is ready to be built out, as per a buyer’s specifications.

Please see the below opportunity highlights:

Licenses Overview:

Class 1 Cultivation (Annual): Status - Approved

Class 2 Manufacturing (Conditional): Status – Conversion submitted, approval pending

Additional: Full set of architectural and engineering drawings available for Phase 1 of 3-tiered build-out 

Facility & Lease Overview:

Location: Millville, NJ

Space: 77,000 sq. ft. ground-floor industrial zone within a large industrial building

Term: Tenure of 10 years with the option for two additional 5-year renewals

Approved Site Plan: Recently received resolution approving site plan from Millville Planning Commission 

Inital Term Base Rent

Year 1-3: $51,333.33 per month

Year 3-4: $64,166.67 per month

3% increase in year 6 and for each year afterward during the Initial Term and Renewal Term

Renewal Term Base Rent 

95% of Fair Market Rent for leased space in the Building but not less than the Base Rent

Lease Maturity 

10-year term

Renewal 

2 terms of 5 years