II · For landlords

I own a property.

An institutional cannabis tenant. PCA holds the head lease, funds the build-out, and negotiates as a counterparty landlords already know. We pay rent on schedule. We honor the obligations.

The tenant risk is PCA's balance sheet — not an unknown startup's.

A typical cannabis tenant is a single-location startup, often undercapitalized, learning the business as it goes. PCA is the institutional layer standing between that operator and you: we hold the lease, we manage the relationship, and we've done this across our portfolio, not once.

If the operator's store underperforms, your counterparty is still PCA. You're not left holding a lease with a single small business that just closed.

Head lease. Build-out. Rent. Property taxes.

The head lease — PCA signs, not the individual operator.

Rent and property taxes — paid by PCA, on schedule, for the term.

Build-out — financed and managed through PCA's own contractor, on a defined budget and timeline.

Compliance oversight — PCA manages the licensing and regulatory relationship with the operator.

Whether your space is a fit.

Most of this you can answer without calling anyone. If a space clears these, it is worth a conversation.

Small to medium-size spaces, with larger considered where rent per square foot is low.

Ground-floor retail, street-level, with its own entrance.

Retail or commercial Certificate of Occupancy, or landlord cooperation to obtain one.

A municipality that allows adult-use cannabis retail.

Regulatory compliance: clear of schools, houses of worship, and other licensed dispensaries.

Little to no cannabis competition in the trade area.

Steady neighborhood and underserved trade areas, preferred over prime corridors.

Foot traffic, or parking where the trade area does not generate it.

Distance requirements and municipal rules vary by state and by town. We check the specifics for your address during diligence rather than asking you to.

Site evaluation to signed lease.

Site evaluation — PCA reviews the space against the criteria above, and confirms the regulatory position for that specific address.

Operator introduction — a vetted operator is matched to the site.

Term sheet — PCA negotiates directly as the tenant of record.

Signed lease — PCA holds the head lease; the operator subleases and builds out under PCA's management.

I own a property.

The tenant risk is PCA's balance sheet — not an unknown startup's.

Head lease. Build-out. Rent. Property taxes.

Whether your space is a fit.

Site evaluation to signed lease.

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