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Offering Summary
THE PROPERTY
Burnt River Farms (Nectar) is one of the largest cannabis companies on the west coast and the largest operator in Oregon. They are operating 43 dispensaries and 10 farms and 400,000 square feet of indoor grow space. We are buying this property for $5,000,000 at a 10% cap rate. The property is located in a border town, which allows us to capture the commercial marijuana markets from both Oregon and Idaho.
The deal is structured on a new 10 year absolute NNN lease and 4-5 years options. Rent terms include 2% rent increases every year in the original term and 10% increases in every option. Nectar the parent company was recently awarded a license in California, allowing them to expand aggressively on the west coast. Although this is a conservative core plus deal, it offers a compelling value add component. Not only will we benefit from the contractual rent increases, there is also an outparcel on the property that we can expand and spin off into the NNN market.
Nectar is one of the largest cannabis companies on the west coast and the largest operator in Oregon. They are operating 43 dispensaries and 10 farms and 400,000 square feet of indoor grow space. Nectar the parent company was recently awarded a license in California, allowing them to expand aggressively on the west coast.
THE SPONSOR
Investing with Crowdvest LLC provides you with a hassle-free way to enter the commercial real estate market. Our syndication model allows you to invest in high-quality properties with a lower capital requirement than traditional real estate investments. Plus, our team handles all the complexities of property management and ensures that your investment is well-maintained.
We offer a range of investment opportunities, from multifamily properties to office buildings, so you can choose the type of real estate that best fits your investment goals. Our platform also provides transparent reporting, so you can track your investment's performance and stay informed about any developments in the market.
Watch Ken discuss his background and investment philosophy in this video.
Burnt River Farms
Burnt River Farms (Nectar) is one of the largest cannabis companies on the west coast and the largest operator in Oregon.
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| Preferred Return: | 8% |
| Targeted Equity Multiple: | 1.4x |
| Targeted IRR: | 13.5% |
| Targeted Investment Period: | 3 Years |
| Property Type: | NNN |
DISCLAIMER
Any investments being offered are pursuant to an exemption from registration under Regulation D of the Securities Act of 1933, specifically Section 506(c). As such, only investors who are verified as being "accredited investors" will be able to invest in this opportunity, and only upon receipt, review and execution of the definitive offering documents. Please refer to www.SEC.gov for further guidance regarding accreditation.