CANNABIS RETAIL & DELIVERY IN VISTA

CannaMLS ID: 3803
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Pricing Details

Full Buy Out Price:
$0
Buy In Price:
$0
Ownership Percentage:
0 %

Property Details

Real Estate Is Included:
Yes
Has Buy-in Option:
No

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

 

Price: $3,100,000

Listing Status: For Sale

Details

Date Listed For Sale: 5/28/2020
License Type: Delivery, Dispensary, Retail

Location: Vista, California 92083

Medicinal: Yes

Listing Type

  • Dispensary
  • Home Delivery





Terms And Options

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