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5860 88th St 41,600 SF Industrial Building Sacramento, CA 95828 $9,900,000 ($237.98/SF) 10.02% Cap Rate
Investment Highlights
- 10.02% Cap - NNN lease w/ guaranty from Connected International Inc., zero defaults, escalating to 11.28% in 2029 and 12.68% at the 2034 renewal
- Institutionally backed tenant — Connected Cannabis Co., $55M+ raised, $9.5M 2025 EBITDA, ~$15M projected 2026, distributes to 175+ dispensaries in CA
- Defensible conventional floor — heavy-power infrastructure supports $1.25/SF market rent; conventional re-tenanting yields 5.14% cap at asking
- $82,688/month base rent + NNN — zero landlord expense obligations, perfect on-time payment record since lease inception
- Address-locked occupancy — cultivation license is site-specific; tenant cannot relocate without a multi-year regulatory restart from scratch
- 41,600 SF on 2.34 acres, M-2S zoning — Power Inn corridor, direct I-5 and US-50 access, Sacramento's primary cannabis industrial zone
Executive Summary
WeCann is proud to exclusively offer one of the highest-yielding large-format cannabis NNN investments currently available in California — 5860 88th St, a 41,600 SF cultivation facility in Sacramento’s Power Inn corridor, leased NNN to Connected Cannabis Co. at $82,688 per month with zero late payments for 7+ years and a full corporate guaranty from Connected International Inc. At an 10.02% in-place Cap Rate, this offering delivers over 350 basis points above what comparable non-cannabis industrial assets have traded at in the Sacramento market.
This is one of the largest single-tenant cannabis cultivation footprints available for purchase in California, and the tenant’s motivation to stay goes beyond the lease. Connected Cannabis Co. was founded in Sacramento in 2009 — this facility sits at the heart of their original supply chain, and a cannabis cultivation license is address-specific. Relocating would mean starting a multi-year licensing process from scratch. That structural occupancy motivation, combined with a building whose heavy-power infrastructure supports a credible conventional re-tenanting floor, makes this a fundamentally different risk profile than most cannabis NNN offerings on the market. This property is available individually or as part of a three-property Connected Cannabis NNN portfolio. Please download the offering memorandum for additional information.
This is one of the largest single-tenant cannabis cultivation footprints available for purchase in California, and the tenant’s motivation to stay goes beyond the lease. Connected Cannabis Co. was founded in Sacramento in 2009 — this facility sits at the heart of their original supply chain, and a cannabis cultivation license is address-specific. Relocating would mean starting a multi-year licensing process from scratch. That structural occupancy motivation, combined with a building whose heavy-power infrastructure supports a credible conventional re-tenanting floor, makes this a fundamentally different risk profile than most cannabis NNN offerings on the market. This property is available individually or as part of a three-property Connected Cannabis NNN portfolio. Please download the offering memorandum for additional information.
Property Facts
Amenities
- Fenced Lot
Utilities
- Lighting
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 062-0080-029 | Improvements Assessment | $2,066,818 |
| Land Assessment | $525,247 | Total Assessment | $2,592,065 |
Property Taxes
Parcel Number
062-0080-029
Land Assessment
$525,247
Improvements Assessment
$2,066,818
Total Assessment
$2,592,065
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