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Jeffrey L. Dunetz
Managing Partner at Highgate Capital Partners
Jeffrey L. Dunetz is a prominent figure in the cannabis industry, serving as the Co-Founder of the Council for Federal Cannabis Regulation. He has extensive experience in finance and law, particularly within the cannabis sector, and is also a Partner at Highgate Capital Partners, where he focuses on cannabis investments and related financial services. His background includes over three decades of legal and financial expertise, which he leverages to navigate the complexities of cannabis regulation and investment.12
In addition to his roles in cannabis regulation and investment, Dunetz has a legal practice that encompasses bankruptcy, real estate law, and business law, further highlighting his multifaceted professional background.3 His contributions to the cannabis industry are significant as he advocates for regulatory frameworks that support federal cannabis legalization and responsible industry practices.
Highlights
NEW JERSEY CANNABIS ASSETS FOR SALE [email protected]
Construction Complete; Ready to Open
· Evesham Township: 2,500SF of attached retail space on the heavy Route 70 retail corridor;. $6,975/month +NNN, 10-year lease, two 5-year renewal options, 3% annual escalator; 34 parking spaces.
Construction In Process
· Scotch Plains, Union County: 1,600SF stand-alone building (former gas station that has been remediated) on a major highway 25 minutes to Newark Airport; 10-year lease, $11,000/month + NNN, two 5-year renewal options, 4.5% annual escalator; 8 parking spaces; projected opening in five months.
· Mount Laurel, Burlington County: 4,600SF stand-alone building, 20 minutes from Philadelphia adjacent to Moorestown Mall and hotels; $14,000/month +NNN, three 5-year renewal options at 95% of FMV; 25 parking spaces; projected opening in five months.
Pre-Construction
· Eatontown, Monmouth County: SE- Women Owned; 4,700SF stand-alone, 30 parking spaces; $12,200/month; fully licensed.
· Voorhees: 2,665SF in a former bank, nearby access to I-295 and multiple box stores and restaurants; $7,995/month + modified gross, 10-year lease, two 5-year renewal options, 3% annual escalator; 50 parking spaces.
· Carney’s Point: 2,640SF stand-alone building near the Delaware border and highways 295 and 40; $1MM purchase price for the building.
· Highland Park: 760SF within a 16,000SF building near Rutgers University main campus and Routes 27 and 1; $2,836/month, 5-year lease, three 5-year renewal options, 3% annual escalator; 75 parking spaces.
· Franklin Township: 2,915SF within a 5,300SF building on the main street in the town and direct access to Highway 27; $9,690 + NNN/month, 10-year lease, two 5 -year renewal options, 3% annual escalator; 56 parking spaces.
· Red Bank: 2,226SF stand-alone building, the first building seen as commuters cross the Route 35 Bridge to downtown Red Bank; $13,200 /month, 10-year lease, two 5 -year renewal options, 3% annual escalator; 11 parking spaces.
· South Hackensack: 3,600SF retail and optional 4,600 mfg space within a 15,00SF building, the only license permitted in the municipality and close to several highways; $12,600 + NNN/month for retail and $8,400 + NNN/month for optional mfg ,10-year lease, two 5-year renewal options, 3% annual escalator; 60 parking spaces.
· Secaucus: 2,976SF within a 17,505SF building near the Meadowlands Sports Complex; $8,100 + NNN/month, 5-year lease, three 5 -year renewal options, 3% annual escalator; 30 parking spaces.
· Sommerset: 2,777SF stand-alone building, one mile from Rutgers University, New Brunswick; $1,350/month rent, can purchase the building for $700,000; street parking.
OHIO CANNABIS SALES TO SKYROCKET WITH REC SALES BEGINNING; SUCCESSFUL OH MANUFACTURING FACILITY FOR SALE
Ø 25K SF building, 60 parking spaces Ø 11K SF built out, approved for +14K SF expansion Ø Full kitchen and CO2 extraction Ø Selling into 85% of retailers in OH Ø Gross Revenues: $4.3MM (2023); $7.5MM projected annualized run rate (2024)
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