Listing ID : 856928
Listed On October 22, 2024 17
Listing Updated January 28, 2025
Listing Highlights :
At this price, this asset WILL NOT LAST!
Acquire a brand-new, licensed dispensary in Costa Mesa, CA. This business is located in one of the best locations in Costa Mesa, offering 55 freeway frontage and ample parking, making it ideal for attracting a high volume of daily customers. With an affluent demographic in Costa Mesa and Newport Beach, this area presents an exceptional opportunity for retail businesses.
All tenant improvements are complete, and all necessary state and city licenses have been approved. The dispensary can be opened tomorrow. With recent restrictions on new retail licenses, entering the Costa Mesa market can only be achieved by purchasing an existing license. Don’t miss this rare chance to hit the ground running with an operational dispensary in Orange County, CA.
Investment Highlights
Prime Location
High Traffic Counts:
- 55 Freeway: 142,000 vehicles\
- Newport Blvd: 28,000 vehicles
- Fairview Rd: 32,000 vehicles
- 55 Freeway Frontage and Signage
Property Details
- Size: 3,500 SF
- Single Tenant Building
- Parking: 17 Spaces
Lease Information
- Monthly Lease Rate: Approximately $20,300
- Initial Term: 5 years
- Lease Execution Date: May 2021
- Options to Extend: 1 – 5 years
Business Asking Price: $995,000
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