ADD FREE LISTING

Cannabis Dispensary with Real Estate (Seattle)

Bellevue, Washington
APPLY FOR A REAL ESTATE LOAN
Cannabis Real Estate Listings | Cannabis Retail Properties For Sale

Listing ID : 259431

Listed On May 24, 2021 View Count 85

Listing Updated May 24, 2021

Price :
$3,750,000
Cap Rate:
98,005%
Business Overview :
License Details :
Business Location Details :
Cannabis or Hemp Use:
Cannabis Only
City Cannabis Tax Rate:
0%
Terms :
Financing:
Cash, Owner Financing
Company Overview :
Description :

This business is a community favorite medical & recreational cannabis dispensary located on a major arteria with a daily traffic count of approximately 32,000 cars. The resident population within 3 miles of the store exceeds 90,000 people. The community has an average age of 38 & household income of over $110,000 per year, a prime demographic for acceptance & incorporation of marijuana for medicinal & recreational purposes. Limited competition exists in the immediate area.

The company has experienced strong sales & profit growth in recent years seeing revenues grow almost 60% from 2019 to 2020. 2021 revenues are exceeding 2020 by over 30% through four months with average monthly sales exceeding $400,00 this year.

A full spectrum cannabis retail business, customer demand exists for flower, prerolls/blunts, concentrates, edibles, and topical creams. Direct engagement with customers occurs through a newsletter with a circulation group of approximately 10,000, participation in the company’s loyalty program, and a wonderful reputation in the cannabis industry and local community.

The business is executively managed by an owner operator with prior experience owning and operating a medical marijuana dispensary before opening this business in 2016. A knowledgeable, experienced cannabis entrepreneur, the business has been set up to employ best practices, offer high quality products, and provide superior customer service. Management leadership is provided for daily operations by a general manager, marketing & operations manager, and a nights & weekends supervisor. The management staff is supported by 10 – 15 full & part-time employees.

The business operates out of an approximately 2420 square foot space specifically built out for cannabis business operation. The company started a new five-year term for the lease in March 2021 at a rate of $14,000 per month. Two additional five-year extension terms exist for continued operation of the business. The property is available for purchase for $2,150,000 if desired.

The location is confidential at this time.  Address provided is for M&A firm facilitating the sale.

BizTrader – a Marketplace for All Types of Businesses For Sale

7.9 acre Cannabis Approvable Farmstead with 2000sf 3b/2ba and 2000sf attached shop with 14′ high ceilings, insulated heat/AC and 1000sf covered pad

Ada, MN, USA

This is a just renovated farmstead on 7.9 acres with 2000sf residential 3b/2ba, 2 living rooms which is very comfortable.  It is directly attached to

Warehouse/ Industrial For Sale

Dank City Delivery

5711 Florin Perkins Rd ste c, Sacramento, CA, USA

Cannabis Delivery Business for Sale – $1.5M Annual Sales | Sacramento, CAAsking Price: $1,000,000 | $500K Minimum Down PaymentHighly profitable, ful

Retail Stores/ Dispensaries

Exclusive Turnkey Cannabis Cultivation Facility for Sale/Lease in Michigan

3267 Rogers Meadow, Vassar Township, MI, USA

This rare opportunity features a high-performance, fully operational marijuana cultivation facility, strategically located in Vassar, designed to mee

Commercial/Other For Sale

Prime Turnkey Commercial Opportunity – Fully Equipped Cultivation & Operational Facility in California City, CA

19577 Neuralia Road, California City, CA, USA

Seize this rare opportunity to own a fully operational and licensed commercial property in California City, CA. This turnkey facility is ideal for a w

Warehouse/ Industrial For Sale

🌿 FOR SALE or JV: Central NJ /Permit-ready– Exclusive NJ Cannabis Cultivation License & Real Estate Package 🌿 — Incredible Opportunity

New Jersey, USA

🌿 FOR SALE OR JV: Central NJ /Permit-ready: Exclusive NJ Cannabis Cultivation License & Real Estate Package 🌿Approved Annual Class 1 Tier V

Commercial/Other For Sale

PRICE REDUCED – Operational PRE-ICO Dispensary and Cultivation for Sale – North Hollywood

North Hollywood, CA 91605, USA

This exceptional investment opportunity features a Pre-ICO micro-business license in Los Angeles, offering unparalleled flexibility and potential for

Cultivation/ Production

Prime Downtown Rochester Cannabis Dispensary License for Sale or JV – Non-Social Equity, Near Nightlife & Music Scene!

East Main Street & East Ave, Rochester, NY, USA

For Sale or Joint Venture: Prime Cannabis Retail Dispensary License in Downtown Rochester, NY Own or partner in a conditionally approved cannabis ret

Retail Stores/ Dispensaries

Create an account

I Agree to 420 Property’s Terms and Conditions and Privacy Policy

You must log in or sign up to use this feature. Please refresh this page if you have already logged in and this feature is not working. For technical assistance please contact us at: 866-742-0776
You must log in or sign up to use this feature. Please refresh this page if you have already logged in and this feature is not working. For technical assistance please contact us at: 866-742-0776

Contact Listing Owner

All Listings

420 PROPERTY SEARCH

Status
ACTIVE
COMING SOON
PENDING
LEASED
SOLD
OFF MARKET
Hemp Only Listings
Broker Co-Op Listings

Listings You May Also Like

IL 110K SF Property equipped for Cultivation, Processing, Dispensary

Hanover, IL, USA

IL 110K SF Property equipped for Cultivation, Processing, Dispensary. All cultivation, extraction, infusion, kitchen equipment included. Over $1M valu

Warehouse/ Industrial For Sale

Retail Property for Lease in Russellville, KY – Kentucky Medical Cannabis Dispensary

206 Thurston Drive, Russellville, KY, USA

Retail Property for Lease in Russellville, KY – Kentucky Medical Cannabis Dispensary206 Thurston Dr., Russellville, KY  42276 OVERVIEW*Price inclu

Retail For Sale

Lake Erie, New York, 44 acres, ~2000 ft. Lake front, former Sugar Hill Golf Course prime for development

7060 Route 5, Westfield, NY, USA

PRIME UNDEVELOPED REAL ESTATE w/LAKE ERIE FRESH WATER WITHDRAWAL RIGHTS Available.  HEMP, Cannabis friendly resort, Veteran condos, Tremendous invest

Commercial/Other For Sale

Cross Street Shop – Operating Adult-Use Provisioning Center

513 West Cross Street, Ypsilanti, MI, USA

Operating Adult-Use Provisioning Center available for sale – License and real estate available. Buyer has the option to purchase the License/Busines

Commercial/Other For Sale