Investing in This REIT Could Make You a Millionaire Retiree

All it takes is one advantageous investment to retire a millionaire thanks to the power of time and compounding interest. It's how investors who put $10,000 into Amazon a little less than 25 years ago would be sitting on over $21 million today.

Thankfully, Amazon isn't the only opportunity to make you a millionaire retiree. There are several other worthwhile stocks and real estate investment trusts (REIT) that have massive potential for millionaire status. Here's why cannabis REIT Innovative Industrial Properties (NYSE: IIPR) could be a great candidate to help you retire as a millionaire.

Innovative Industrial Properties is one of the hottest growth stocks in the market today. The company that specializes in the ownership and leasing of industrial real estate to experienced operators in the medical marijuana industry has performed incredibly since its IPO in December 2016. In just a few short years, the company has achieved a 67% return on investment on an annualized basis, which is over double Amazon's annualized return of 31% during that same time. Share prices have grown over 1,100% in just over five years. That means investors who put $10,000 into the company at IPO would have grown it into $124,271, . When coupled with the dividends it's paid during that same time, it's clear IIPR is well on its way to millionaire-maker status.

Source Fool.com