Posted on October 27, 2021 / 522Listing ID: 292095APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $28,000,000
Status : ACTIVE
Size : 43,560
Lot Size (Acres) : 1
Cannabis or Hemp Use Allowed? : Cannabis
License Can Be Moved to Another Location : Yes
License Type : Medical & Recreational
Sale Type : Cash, Financing, Owner Financing, Joint Venture

Project is currently under construction.  The site has already been graded and the pad is certified. on a 1 acre parcel in south Perris,CA.  Freeway front (highway 215) visible from both north and southbound traffic. New building will have a footprint of 11,982 sq ft two story.  Land is owned free and clear.  The project has 100% approved stamped plans for the building through the city of Perris.  Project has passed through planning commission with full approval and received full entitlement from city of Perris.  Lounge ordinance has been approved by city of Perris.  Live entertainment is also permitted with new DCC regulations.     Project will be located on the border of Murrieta/Temecula with upscale demographics.  The 215 corridor will allow access from Perris, Temecula, Murrieta, Menifee, Moreno Valley, Riverside, Lake Elsinore, Hemet, and San Diego.  Billboard advertising is allowed on both directions of the 215 freeway.     Contractor bid for construction is 3,500,000.00   Owner will complete the buildout of the property as part of the sales price.  This project is one of the most desirable locations in the Inland Empire with NO competing dispensaries close to location.  This location stands on its own with extremely high growth and potential.  Annual gross revenue from dispensary expected to be 40-50million first year open.  Our team of experts are ready to assist the new buyer in completing the project and starting the construction immediately.  DO NOT MISS OUT on this once in a lifetime opportunity to take hold of the fastest growing industry gem being offered. Estimated value of the completed project is 65Million.   The seller is a long term high level vertical privately owned company with over 15 years of experience in this rapidly changing industry.  City tax is currently in process for reduction to 5% for retail.

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Cannabis & Hemp Banking
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