Listing ID : 960498
Broker ID : 01788589
Listed On June 5, 2026 2
Listing Updated June 5, 2026
Listing Highlights :
Asking Price: $350,000
WeCann is pleased to present a municipally supported and state-approved cannabis retail opportunity in Highland Park, New Jersey. This offering provides an efficient pathway into one of New Jersey’s limited-license cannabis market while avoiding much of the time, cost, and uncertainty associated with pursuing new approvals and development.
The opportunity includes local municipal support, annual state approval, substantially completed construction, and exceptionally low occupancy costs. Located within an established retail corridor near Rutgers University and surrounding Middlesex County communities, the site benefits from strong commuter activity, dense residential populations, and regional accessibility.
Highland Park has capped cannabis retail licenses, with all available licenses already awarded, creating a meaningful barrier to entry for future operators.
Investment Highlights
- Limited License Market — Highland Park retail licenses are fully awarded, creating scarcity and barriers to entry
- Municipal & State Approved — Includes local support and annual state approval
- Near Turn-Key Opportunity — Construction substantially completed with remaining work primarily consisting of millwork and security installation
- Existing Assets Included — Existing equipment and security infrastructure may be included
- Attractive Entry Basis — Asking Price: $350,000
- Low Occupancy Cost — Approximately $2,300/month rent with 3% annual increases
- Long-Term Lease Security — Initial 5-year lease plus three (3) additional 5-year renewal options
- Woman Business Enterprise Opportunity — Existing ownership structure may provide strategic value
Property Highlights
- ~750 SF efficient retail footprint designed to maximize operating efficiency while maintaining low occupancy costs
- Located within an approximately 15,956 SF building
- 75 on-site parking spaces
- Situated within an established retail and commuter corridor serving local and regional consumers
- Near Rutgers University and dense Middlesex County population centers
- Significant construction and infrastructure work already completed
Market Dynamics
- Highland Park Retail Cap: 5 licenses
- Remaining Available Licenses: 0
- Edison Retail Licenses: 3
- North Brunswick Retail Licenses: 2
- New Brunswick Retail Licenses: 2
- Strong regional draw from surrounding Middlesex County communities
- Dense residential population and daytime employment base
- Proximity to Rutgers University creates additional consumer activity and foot traffic
- Convenient access to major transportation routes serving surrounding markets
Specific property information, address details, and additional due diligence materials will be provided upon execution of a Non-Disclosure Agreement.
Disclaimer:
All information contained herein is provided for general informational and marketing purposes only and is believed to be derived from sources deemed reliable; however, no representation or warranty, express or implied, is made as to the accuracy, completeness, or current applicability of such information. Information presented may include, but is not limited to, regulatory, licensing, zoning, market, financial, and operational data, all of which are subject to change without notice. Prospective purchasers are solely responsible for conducting their own independent due diligence and are encouraged to verify all information with appropriate governmental authorities and professional advisors prior to making any investment or acquisition decision.
Meilad Rafiei – License# 01788589 – WeCann
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