Listing ID : 828579
Listed On August 9, 2024 173
Listing Updated August 29, 2024
Just Reduced from $1.75M to $1.1M!!!
Great opportunity to acquire a cannabis retail dispensary business in Somerset, New Jersey. With a self-funded project that boasts no loans or debts, the transition to new ownership will be seamless. The license is tied to a prime location, eliminating the hassle of securing a property. The 1,850 SqFt space includes a 1,700 SqFt retail area, ideal for creating an inviting and functional dispensary. The rent is set at $10,400/Month + NNN, ensuring affordability. Additionally, the property offers ample parking with nearly 20 dedicated spaces, providing convenience for your customers.
The current owners have invested around $400k into the licensing and build-out process so far, showcasing their commitment and vision. The new owner will need to continue the construction and build-out to make the dispensary operational, with an estimated timeline of 4-6 months. This is a golden opportunity to step into the new up and coming cannabis market in New Jersey and make your mark in a thriving industry!
Details:
Space: 1,850 SqFt
Rent: $10,400/Month + NNN
Lease Terms: 8YRS w/ 3% Annual Increase – 5Y + 3YR Renewable Option
Parking Spaces: 15
Capital Invested: $400k
Could be Operational in 4 to 6 months
License:
Class 5 Cannabis Retailer: Purchase recreational use cannabis from licensed cultivators, manufacturers, or wholesalers and sell those items to consumers in a retail store
Asking Price: $1,100,000.00 (Seller Open to Offers)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Russell Miller, NJ License #1007010
Eric Espinoza, DRE CA LIC# 02077927
If you have any questions call Eric (858) 245-6324
Email: broker@glbgroupinc.com
National Affiliate Listings
All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group National Affiliate Program.
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
Listing Highlights
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Cannabis & Hemp Banking
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