R.Greenleaf

Highlights:

• Strong corporate guaranteed lease / Medicine Man Technologies, INC. (SCHWAZZE) (OTCQX : SHWZ) (NEO : SHWZ) | 2022 revenue: $160M
• New long term 10-year lease plus multiple options to renew | 2 (5-YR) options to renew lease for a potential 20 years total term
• Fixed 10% rental increases every 5 years including the option periods
• NNN Lease / Ease of management
• New Mexico cannabis sales | Monthly sales of over $32M in March of 2023
• Located on major retail corridor | Proximity to Denny’s, Sonic Drive-In, KFC, McDonald’s, Taco Bell, and Subway
• Strong trade area demographics | Over $62,000 AHHI within 5 miles

Description:

Faris Lee Investments is pleased to offer for sale a Corporate Guaranteed, single tenant, absolute NNN leased property. The cannabis tenant, R.Greenleaf is on a new long term 10-year lease plus multiple options to extend the term. The lease features fixed 10% rental increases every 5 years and the tenant is responsible for the majority of all expenses associated with the property.
Medicine Man Technologies, Inc. (Schwazze) dba: R.Greenleaf has guaranteed the lease and owns & operates 43 retail locations in New Mexico and Colorado. Headquartered in Denver, Co. Schwazze is a public company (OTCQX : SHWZ) (NEO: SHWZ) with 2022 assets over $323M and revenue over $160M with 800 employees.


The subject property is strategically located in Ruidoso, New Mexico. With cannabis legal in New Mexico as of April 1, 2021 and not legal in Texas, Ruidoso is a major city across the west Texas border into New Mexico. R.Greenleaf is located within Ruidoso with a combined population of over 11,000 people (5 mile radius).