Posted on June 15, 2022 / 6Listing ID: 413706APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Insurance
Price : $5,561,000
Status : ACTIVE
Cap Rate : 6
License Type : Recreational

Don’t miss out on this rare opportunity to gain strong returns from this prime cannabis leased investment opportunity which houses one of Southern California’s hottest retail companies. The tenant is a household name in the cannabis retail scene and has established themselves as a quality retailer in the industry. Located in Riverside California, the building enjoys phenomenal freeway visibility from interstate 215. The property is currently under renovation and the owner has already funded the massive improvement made to the building. Once complete, the space will be a fully built out retail storefront with over 22 parking spaces in its exclusive lot.  

·      Asking $5,651,000 – 6% CAP Rate

·      Rent: +$27,000/mo

o   Includes Billboard Rent

·      Single Tenant NNN Lease

·      Tenant Invested $1,700,000 in Capital Improvements

o   Elevator Installed

o   Raised Roof

o   Modern Exterior

o   Top Notch Interior Improvements

Contact Listing Owner
Cannabis & Hemp Banking
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