– The subject property is a custom-built industrial site for Flavor Fusion, covering 26,042 square feet and situated on a 1.52-acre lot. It offers ample parking and easy access.
– The lease agreement is an absolute triple net lease, with a base term of 3 years and zero landlord responsibilities starting at the close of escrow. It includes 3% annual rental increases and three options of 3 years each.
– Flavor Fusion is a prominent manufacturer of cannabis-infused drinks in the United States, and their products are available in numerous locations across the western region.
– The property is located 28 miles away from downtown Fresno, which has a metropolitan population of over one million. The cannabis industry in this area is predicted to grow by 32% in 2022, with projected sales reaching $33 billion.
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