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Executive Summary
Pac Garden Assets successfully completed a landlord-represented lease transaction for a retail cannabis property located in Monterey County, California. The property was secured under a new five-year triple-net (NNN) lease with a high-quality cannabis retail tenant, providing long-term stability and predictable income for ownership.
Pac Garden Assets’ scope of work was strictly limited to the negotiation and execution of the real estate lease on behalf of the landlord. The sale of the dispensary business and operating assets was completed separately through receivership and was brokered by an unrelated third party. Pac Garden Assets had no involvement in the business sale for this particular asset.
This transaction highlights our expertise in California cannabis real estate leasing, landlord representation, tenant underwriting, and regulatory navigation across complex jurisdictions.
Property Details
- Retail property located in Monterey County, California
- Purpose-built for licensed cannabis retail use
- Leased exclusively on behalf of property ownership
- Secured under a long-term triple-net (NNN) lease
- No business assets conveyed with the lease
Operation Details
- Landlord-only representation
- Five-year initial lease term
- Triple-net (NNN) lease structure
- High-quality, established cannabis retail tenant
- Lease transaction completed independent of business sale
- Dispensary business sold separately through receivership
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