CANNABIS RETAIL & DELIVERY IN VISTA

CannaMLS ID: 3803
Save Listing

Price: $3,100,000


Listing Details


Listing Category
Dispensary
Home Delivery

Medical
YES


Price: $3,100,000

Listing Status: For Sale

Asking Price: $3,100,000 Purchase Price (Real Estate & License)

This property and license sale is for a Retail Medical License with Delivery issued by the City of Vista.  Full Adult Use/Recreational Licenses anticipated in 2021. Operational by Q1 2021.  Very low competition market and its central location gives the operator ability to service all of North San Diego, Inland Empire areas, and South OC Markets.  We expect the citizens to approve full Recreational Cannabis sales within a few years. Seller prefers cash only transaction, but will consider possible financing of Real Estate with creative lease options for qualified buyers.

Property Details

  • Cannabis Use: Medical Retail and Delivery
  • Licensed: Yes
  • CUP: Yes
  • Change of Ownership: Approximately 5 months County & State.  Current licensees will stay on the licenses until removal is approved by the attorneys and will not disrupt the operation or approval process.
  • Zoning: R1 – Green Zone / Mixed Use
  • Size: Over 1 AC
  • Building Sqft: Over 2,500 s.f.
  • Building Stories: 1
  • Air Conditioning: Forced Air
  • Construction: Wood Frame, $600,000 est. to complete site and Tenant Improvement (TI) work.
  • Parking: 13 spaces + ADA
  • Location: Located on a major corridor for the City of Vista.
  • City Tax Rate: Medical Retail (including delivery): 7% of gross receipts, established by the passing of Measure Z, which implemented VMC Chapter 5.94
  • Year Built: 1978

Terms of Purchase

  • Type: Real Estate and License
  • Asking Price: $3,100,000 Purchase Price (Real Estate & License)
  • Real Estate only value: $900,000
  • License Only Value: $2,200,000
  • Lease Rate: Negotiable Sale-Leaseback on Real Estate portion for qualified buyers.

Deal Type:

  • Real Estate and License
  • Lease
  • Sale-Leaseback

 


Listing Details

Listing Status
For Sale

Location
Vista, California 92083

Date Listed For Sale:
6/5/2020

Date Last Updated:
6/5/2020

Property Details

Pricing Details

Listing Price
$3,100,000

Lease Terms:

Negotiable Sale-Leaseback on Real Estate portion for qualified buyers.


Advertising


 

Hit the "Contact Listing" button on the top right of the page to send a message to the seller.

(CannaMLS.com does not make seller contact information public to prevent SPAM and abuse.)

 

To report a problem with this listing contact: admin@cannamls.com

 

*CannaMLS is an independent listing service and does not offer legal, tax or regulatory advice. CannaMLS is not a real estate brokerage and is not advertising any properties for sale in any market. All listings that advertise real estate are posted by third parties who are responsible for compliance with all real estate regulations. CannaMLS does not guarantee the authenticity or value of any listings, assets, buyers, sellers and/or brokers on the company’s website. By listing or interacting on CannaMLS.com you agree to indemnify and hold harmless CannaMLS Inc. and its owners, employees, agents, and affiliated companies from any civil or legal claims that may arise as a result of you transacting with users or assets on the site.