Turn-Key Cannabis Retail Dispensary w/Delivery For Sale in Santa Rosa !!! Fully Permitted

CannaMLS ID: 5660
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Price: $3,600,000


Listing Details


Listing Category
Dispensary

License Status
Conditional use permit granted
State / annual license granted

Medical
YES

Adult Use
YES

Price: $3,600,000

Listing Status: For Sale

  • Unique opportunity to acquire a newly built, fully licensed, turn-key Cannabis Retail Dispensary and Delivery business in Santa Rosa. 

  • The storefront dispensary is situated within an existing shopping center containing a mix of commercial retail tenants with strong and consistent foot traffic, great visibility, and ample parking for both shoppers and mall employees. 

  • Importantly, Santa Rosa is also one of the most cannabis friendly jurisdictions in California, and – together with Sonoma County – has created a cannabis friendly environment for both businesses and visitors alike.

  • As a result, the City has become a highly desired “cannabis tourism” destination creating an unprecedented rise of cannabis tourists visiting the region every year.  

    – Details

  • Total Square Footage: 2,172 SF (within a 26,288 SF shopping center).

  • Monthly Rent/Lease Payment: $7,059 

  • The dispensary is equipped with a high-end security system including 4k video surveillance w/remote monitoring, access control system with key fobs, and burglar intrusion alarm.

  • The sales floor contains six wall mounted display cases for optimal product showcasing, a separate featured display wall for premium product placement, and a point-of-sale counter to accommodate up to 5 checkout stations.

  • Furthermore, the retail area features several modern and eye-catching design features such as a living moss wall fixture near the entrance and a wood slat wall and ceiling fixture over the entire sales area.

    – Favorable Lease Terms

  • The initial lease has commenced in January of 2018 with a termination date in January of 2023.

  • Importantly, the lease agreement contains an option to extend/renew the terms of the lease – see below

  • Option to extend/renew the lease term for two (2) additional consecutive five (5) year periods following expiration of the initial term in Jan 2023 

    – License Details

  • The Retail Store-Front & Delivery operations have been approved and permitted by both the City of Santa Rosa and the State of California. 

  • Specifically, at the State level, the Bureau of Cannabis Control (BCC) has granted an annual Type 10 Cannabis Retailer license (as opposed to a provisional one).

  • Asking Price: $3,600,000

  • For questions and/or to schedule a viewing please contact: George Abrahamyants at 650-250-5177 (mobile) or email abrahamyants@uchastings.edu


Listing Details

Listing Status
For Sale

Location
Santa Rosa, California 95407

Date Listed For Sale:
10/11/2021

Date Last Updated:
10/11/2021

Property Details

Buiding Size (sq ft)
2172 sq ft

Built out / Turnkey
YES

Pricing Details

Listing Price
$3,600,000

Property Lease Rate
$7,059/month

Lease Terms:

– Favorable Lease Terms

  • The initial lease has commenced in January of 2018 with a termination date in January of 2023.
  • Importantly, the lease agreement contains an option to extend/renew the terms of the lease – see below
  • Option to extend/renew the lease term for two (2) additional consecutive five (5) year periods following expiration of the initial term in Jan 2023 
  • Monthly Rent/Lease Payment: $7,059 

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