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Premier Net Lease commercial real estate news, analysis, trends and information focusing on the property fundamentals, finance and investment trends for NNN, and other net leased retail, industrial, office and healthcare assets.
Freehold will lease the properties to Curaleaf pursuant to a long-term, triple-net lease. The company also has the right of first offer to purchase additional properties from Curaleaf as its preferred real estate partner.
The $5.5-million sale for the 4,350-square-foot freestanding property features a 15-year triple-net lease with options to extend. The property was acquired by an affiliate of Bayrock Investment Co. of Charlotte, NC.
Recently formed net-lease REIT GreenAcreage Real Estate plans to provide capital to support sale-leaseback and build-to-suit transactions in the regulated cannabis industry.