Approved Dispensary in a Commercial Shopping Center Location With Favorable Long Term Lease

CannaMLS ID: 5808
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Price: $1,700,000


Listing Details


Listing Category
Dispensary

License Status
Conditional use permit granted

Medical
YES

Adult Use
YES

Price: $1,700,000

Listing Status: For Sale

Establish your dispensary in an A+ location to serve customers for many years to come. For sale is the CUP approval and related assets of a retail cannabis dispensary located in a very busy and successful shopping center in Santa Rosa, CA, the 5th largest city in the Bay Area. The approved tenant space is part of a large shopping center that includes multiple national tenants. The surrounding roads see around 50,000 trips per day. This dispensary is fully approved at the local planning level. The new operator will need to build out the dispensary and obtain a retail cannabis license from the state.

 

Details:

  • ~2,250 sq. ft. of approved dispensary space and an additional ~1100 sq. ft. of office space
  • Located in a busy ~10 acre shopping center with adequate parking and strong destination tenants
  • Directly adjacent to a major highway interchange
  • Rent: $5,750 + triple nets
  • Lease: 10 year term with options to extend up to 15 more years
  • Traffic Count: 30,000 ADTs on the primary road in front of the center and an additional 20,000 on the secondary roads surrounding the center

 

Sale price is $1,700,000

 

Must sign a Confidentiality Agreement and provide Proof of Financials before any other detailed information is released, including the address of the site.

Contact SPW directly at SPWsantarosa@gmail.com with a brief email explaining who you are. Please provide us with a good number to call you back on and we will return your email with a call promptly.


Listing Details

Listing Status
For Sale

Location
Santa Rosa, California 95926

Date Listed For Sale:
11/16/2021

Date Last Updated:
11/16/2021

Property Details

Buiding Size (sq ft)
2250 sq ft

Lot Size (acres)
10 acres

Pricing Details

Listing Price
$1,700,000

Seller Financing Available?
YES

Property Lease Rate
$5,750/month

Lease Terms:

10 year term with options to extend up to 15 more years


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