Listing ID : 711505
Broker ID : 1394
Listed On May 17, 2024 235
Listing Updated September 18, 2024
Take advantage of a rare opportunity to acquire a cannabis dispensary retail storefront strategically located next to I-111 in Calexico, California . This exclusive offer encompasses a Dispensary license offering a substantial entry point into California’s thriving cannabis market. The package includes both the license and the real estate, with a combined value of $1.25 million. The owner has already made great progress in constructing the building, and is only missing the asphalt, fire sprinklers, ducting, and drywall. Situated near hotels, shopping plazas, and from the SDSU satellite campus this Dispensary is in a PRIME location. The seller is also open to selling half of the real estate and leasing out the dispensary space. This presents an excellent chance to expand your cannabis portfolio, benefiting from a blank canvas with no existing tax liabilities.
Details:
Space: 2,000 SqFt
Rent & Lease: TBD
Seller Open to Selling Half of Real Estate $350k
Needs to Be Built Out
Currently Not In Construction
City Approval for a 25’ Billboard Sign, Right Next to I-111
Near Two Hotels w/ 90% Occupancy Rate
2 Miles from SDSU Satellite Campus
Real Estate Value: $600k
Capital Invested: $800k
$1.25M for Both License & Real estate
License:
Annual Retail Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
Asking Price: $299,000.00 ($1.25M for Both License & Real Estate)
Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE CA LIC# 02091143
If you have any questions call Drew (619) 653-0483
Email: ceo@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
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