Investment opportunities like this one don’t come on the market very often, and the astute developer will quickly take advantage of this exciting offer!
The Cannabis Dispensary market is booming nationally and where better to get involved than this cannabis “hot spot” on the Oregon/Idaho border?
With $91.6 million in sales in 2020 and a projection of $150 million in 2021, building a dispensary in the City of Ontario could see real sales potential of 100+ Million Dollars over the next 5 years. This will put the developer in a perfect position to move into the Boise market, 8 to 10 years from now.
Idaho is in a legislative “last stand” on marijuana, with its conservative State Senate passing a constitutional ban on pot and sending it on to a receptive State House of Representatives, if this passes, pot will be banned forever by a revised State Constitution.
Even if a strict medical program is somehow passed in late 2022 the ensuing set-up and monitoring of the system wouldn’t see a dispensary open until 2024, at the earliest. Recreational cannabis would not even be allowed on the ballot until after the medical cannabis legislation was observed in operation for some period. Consequently the November 2026 ballot seems the most likely for this to occur, then if passed, you could possibly see recreational dispensaries appear in 2028. This means you can look forward to a minimum of 7 years of strong sales.
A bonus, close proximity to the Boise market and a large cannabis footprint in Ontario, would put the future dispensary owners in an ideal position to enter the Boise cannabis market when it comes.
The outstanding freeway exposure of this property makes it a prime location for a cannabis dispensary.
It is important to note that we are offering Bare Land only with no improvements.
We do provide initial concept designs and the expertise to obtain city approvals on annexation, partitioning and permitting.
This property is strategically located 1,000 feet from the I-84 Freeway and near one of Ontario’s only two exits, which Idaho residents love due to its easy on and off access.
It is also in close proximity to Ontario’s most popular dispensary, with $30m estimated sales last year (1250 feet away).
This property is situated in a Light Industrial Zone with an accepted CUP for a Recreational Dispensary plus eligibility for multiple indoor grows and processing units.
We have preliminary plans and designs for up to ±125,000 Sq. Feet of buildings.
Our figures indicate it will take a minimum of $2.5 Million, cash out of pocket, for a down payment on the property and to build Phase One, the dispensary and 6 to 12 month’s to open.
While 7 new dispensaries have sprung up in the Ontario market in 2020, this opportunity is the cream of the crop.
It has the largest acreage and best freeway access.
Ontario has a proven 2020 sales record approaching $100 Million Dollars.
And it is the last spot available with CUP acceptance.
For an even faster build and opening, bring your dispensary license, get in queue now or purchase one readily available on the market.
Exciting opportunities like this one won’t last long. Take action now…