This is a rare opportunity to own a fully leased NNN commercial property occupied by tenants with cannabis licenses approved by the City of Napa. The U.S. legalized cannabis industry is forecasted to grow to $7.2 billion by 2024 (stat: Statista) This is is a golden opportunity for a savvy investor, as the property is already 100% occupied with a projected annual cap rate 6.05%. Full income and expense details are available upon request.
4 units in total , 2 rented in the back, not cannabis related. The other 2 rented by cannabis companies, Pure Essentials, turning into a dispensary. The other unit Banzai Brand, full commercial manufacturing license for edibles.
Napa city wants cannabis in one area instead of all over.
About Napa County
Napa County is a county located north of San Pablo Bay in the northern portion of the U.S. state of California. As of the 2010 census, the population was 136,484. The county seat is the City of Napa. Napa County was one of the original counties of California, created in 1850 at the time of statehood. Napa County comprises the Napa, CA Metropolitan Statistical Area, which is also included in the San Jose-San Francisco-Oakland, CA Combined Statistical Area. It is one of four North Bay counties.
Term of Purchase
For Sale: $2,850,000
Adam Ghisletta – Avenue 8 Real Estate – DRE#01724657