Listing ID : 848833
Listed On September 9, 2024 44
Listing Updated September 9, 2024
Investment Highlights:
– Prime Location: High Traffic area, situated on CA-99 with freeway frontage and signage, near off ramp
– IDEAL neighboring tenants will drive traffic to your business
– Shared Retail Center: Benefits from being part of a retail hub with significant foot traffic and a large shared parking lot
– Limited Competition: One of only eight approved retail licenses in Stockton, serving a population of over 320,000
– Approximately one dispensary per 40,000 residents.
– Reasonable City Tax Rate: 5%
– Lease Details:
– Size of Unit: 1,220 SF
– Lease Term: 5-year initial term (commenced 04/2024)
– One 5-year option to extend
– Monthly Lease Rate:
– $5,600 license phase rent
– $8,955 upon CUP approval
- License Purchase Price: $750,000
Various parcels ranging from 5-100 acres of healthy pasture and agriculture land for lease.Currently the various fields are set up for either hemp, ha
Attachments
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Cannabis & Hemp Banking
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