California's Best Retail and Consumption Lounge Opportunity

CannaMLS ID: 6012
Save Listing

Price: $28,000,000


Listing Details


Listing Category
Dispensary
Consumption Lounge

License Status
Conditional use permit granted
Municipal / local license granted

Medical
YES

Adult Use
YES

Price: $28,000,000

Listing Status: For Sale

Project is new construction  on a 1 acre parcel in south Perris,CA.  Freeway front (highway 215) visible from both north and southbound traffic. New building will have a footprint of 11,982 sq ft two story.  Land is owned free and clear.  The project has 100% approved plans for the building through the city of Perris.  Project has passed through planning commission with full approval and received full entitlement from city of Perris.  Lounge ordinance has been approved by city of Perris.  Live entertainment is also permitted with new DCC regulations.     Project will be located on the border of Murrieta/Temecula with upscale demographics.  The 215 corridor will allow access from Perris, Temecula, Murrieta, Menifee, Moreno Valley, Riverside, Lake Elsinore, Hemet, and San Diego.  Billboard advertising is allowed on both directions of the 215 freeway.    The site has already been graded and the pad is certified.  Contractor bid for construction is 3,500,000.00   Project construction is about to start within 60-90 days.  Price will increase accordingly as construction moves forward.  Do not wait to jump on this exciting opportunity.   This project is one of the most desirable locations in the Inland Empire with NO competing dispensaries within miles of the location. This location stands on its own with extremely high growth and potential.  Annual gross revenue from dispensary expected to be 25-30 million first year open.  Our team of experts are ready to assist the new buyer in completing the project.  DO NOT MISS OUT on this once in a lifetime opportunity to take hold of the fastest growing industry gem being offered. Estimated value of the completed project is 65 million.  This project is in the largest cannabis industry in the state of California and surrounded by complete operating warehouses including (amazon, Wayfair,  Ferguson, h & m, Home Depot and many more.   The seller is a long term high level vertical privately owned company with over 15 years of experience in this rapidly changing industry.  City is currently in process of retail tax reduction to 5%.


Listing Details

Listing Status
For Sale

Location
perris, California 92571

Date Listed For Sale:
12/29/2021

Date Last Updated:
12/31/2021

Property Details

Buiding Size (sq ft)
11000 sq ft

Lot Size (acres)
1 acres

Green Zone Confirmed
YES

Pricing Details

Listing Price
$28,000,000

Property Purchase Price
$28,000,000

Lease Terms:

All reasonable offers will be considered.


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‚Äôs 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.