Power REIT enters new 20-year triple-net lease for CO property; old tenant recovered 36%

Power REIT

Terminated lease with Original Cannabis Growers of Ordway LLC; received $483,743 in rent (36% of $1,358,664 investment).
New 20-year lease with Golden Leaf Lane LLC (6-month deferred rent) provides full capital return over 3 years.
After capital recoup, base rent yields ~13% annual return, increasing 3% per year.
Property is 5.2-acre medical cannabis facility in Crowley County, Colorado.

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