Asking Price: $1,500,000

City CUP and state license approved for a cannabis retail storefront that is available in Costa Mesa!

This license is located at a 2,600 SF building with a 10-year lease plus 2 additional 5-year extensions, providing excellent street frontage and visibility within 300 feet of a busy signaled intersection. The property features tall ceilings, a fenced lot with 12 parking spots, and is adjacent to a retail strip and corner gas station. The triple net lease, approximately $20,625/month, and the option to purchase the real estate makes this an attractive investment. The fully licensed cannabis retail business offers potential for billboard advertising and a brand-new license without any existing liabilities/debt tied to it. Building plans are expected to be approved any day for this cannabis retail location.

Real Estate Highlights:

2,600 SF building
10-year lease with 2 additional 5-year extensions
Rent approximately $20,625/month + NNN expenses.
Excellent street frontage and visibility, near a busy signal intersection
Adjacent to a retail strip and gas station
Fenced and ample parking lot (4.62/1,000 SF)
Potential to purchase real estate.
Almost ready for build-out, plans will be approved any day now

License Highlights:

Fully licensed for cannabis retail
Potential for billboard advertisement
City CUP approved, and a state license has been issued
Brand new license with a clean slate