- Unique opportunity to acquire a newly built, fully licensed, turn-key Cannabis Retail Dispensary and Delivery business in Santa Rosa.
- The storefront dispensary is situated within an existing shopping center containing a mix of commercial retail tenants with strong and consistent foot traffic, great visibility, and ample parking for both shoppers and mall employees.
- Importantly, Santa Rosa is also one of the most cannabis friendly jurisdictions in California, and – together with Sonoma County – has created a cannabis friendly environment for both businesses and visitors alike.
- As a result, the City has become a highly desired “cannabis tourism” destination creating an unprecedented rise of cannabis tourists visiting the region every year.
- Total Square Footage: 2,172 SF (within a 26,288 SF shopping center).
- Monthly Rent/Lease Payment: $7,059
- The dispensary is equipped with a high-end security system including 4k video surveillance w/remote monitoring, access control system with key fobs, and burglar intrusion alarm.
- The sales floor contains six wall mounted display cases for optimal product showcasing, a separate featured display wall for premium product placement, and a point-of-sale counter to accommodate up to 5 checkout stations.
- Furthermore, the retail area features several modern and eye-catching design features such as a living moss wall fixture near the entrance and a wood slat wall and ceiling fixture over the entire sales area.
– Favorable Lease Terms
- The initial lease has commenced in January of 2018 with a termination date in January of 2023.
- Importantly, the lease agreement contains an option to extend/renew the terms of the lease – see below
- Option to extend/renew the lease term for two (2) additional consecutive five (5) year periods following expiration of the initial term in Jan 2023
– License Details
- The Retail Store-Front & Delivery operations have been approved and permitted by both the City of Santa Rosa and the State of California.
- Specifically, at the State level, the Bureau of Cannabis Control (BCC) has granted an annual Type 10 Cannabis Retailer license (as opposed to a provisional one).
Asking Price: $3,600,000
- For questions and/or to schedule a viewing please contact: George Abrahamyants at 650-250-5177 (mobile) or email firstname.lastname@example.org