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Cannabis Class 5 Retail Dispensary License For Sale (Somerset, New Jersey)

New Jersey, USA
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Cannabis Businesses For Sale | Cannabis Retail Stores & Dispensaries For Sale

Listing ID : 810609

Listed On June 19, 2024 View Count 107

Listing Updated June 20, 2024

Price For Sale:
$1,750,000
Rent:
$8,000
Size:
2,500 Sq. Ft.
Facility & Tenant Improvements:
Space: 2,500 Sq Ft (1,700 Sq Ft Dispensary) Rent: $8,000/Month + NNN Lease Terms: TBD Parking Spaces: 19 Capital Invested: $400k Could be Operational in 4 to 6 months
NDA Required:
Yes
Company Name:
Green Life Business Group Inc.
Phone:
(858) 245-6324
Email:
broker@glbgroupinc.com
Description :

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: $1,750,000.00 (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.

Cannabis Farm For Sale!

Oklahoma City, OK, USA

Cultivation/ Production

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Green Life Business Group Inc.
License:DRE CA # 02061374

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