Quail Pond Farms Cultivation Facility

Highlights:

• BRAND-NEW CONSTRUCTION: The facility will be built to suit in 2025, with construction set to begin upon closing, ensuring a state-of-the-art cultivation facility.
• LONG-TERM STABILITY: Investors benefit from a newly executed 10-year lease, providing secure and predictable cash flow.
• HANDS-OFF INVESTMENT: Structured as an absolute NNN lease, this opportunity requires zero landlord responsibilities, making it a truly passive income stream.
• MULTIPLE LEASE GUARANTEES: The lease is backed by Quail Pond Farms, LLC, a Tier 6 Class 1 licensed cultivator, along with a personal guarantee from the CEO, adding additional financial security.
• LARGE PARCEL: Positioned on a sprawling 35-acre site, the property allows for future expansion or development, enhancing long-term value.
• PROVEN INDUSTRY EXPERTISE: The tenant is led by an experienced team with a strong track record in the cannabis sector, including leadership roles at established multi-state operators.

Description:

QUAIL POND FARMS, LLC CULTIVATION SALE LEASEBACK
Matthews Real Estate Investment Services is pleased to present a sale-leaseback opportunity in Waterford Works, NJ. The 35-acre property at 713 Pestletown Rd will feature a state-of-the-art cultivation facility, constructed upon the close of escrow.

The tenant, Quail Pond Farms, LLC (QPF), is a state-licensed cannabis cultivator in New Jersey, leveraging this sale-leaseback to fund facility development. Operations are slated to begin in November 2025, with sales expected by March 2026.

Upon closing, the current seller will become the tenant under a 10-year Absolute NNN lease, backed by both a corporate guarantee from Quail Pond Farms, LLC and a personal guarantee from CEO Patrick Kennedy. The lease includes annual rent increases beginning in year 6, based on the greater of 1.00% or CPI.

QPF holds a Tier 6 Class 1 Cultivator License, allowing up to 150,000 SF of canopy. The company received its Annual Operational License in January 2024 and follows strict regulatory compliance and Standard Operating Procedures (SOPs) to ensure high-quality cannabis production.

Founded by Patrick Kennedy, a retired Army Ranger Combat Veteran, QPF is a diversely owned business positioned for long-term growth in New Jersey’s cannabis market. With exclusive genetics, operational efficiency, and an experienced leadership team, QPF is set to become a market leader while maintaining compliance and community engagement.

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