Posted on October 9, 2021 / 118Listing ID: 287797GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $3,600,000
Status : ACTIVE
Size : 2,172
Cannabis or Hemp Use Allowed? : Cannabis
License Type : Medical & Recreational
Phone : 650-250-5177
  • 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.  

– Details

  • 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 abrahamyants@uchastings.edu
PRICE REDUCED: Distribution and Retail Delivery | Lake County, CA
Great opportunity for a Distribution and Retail Delivery Cannabis Business in Lake County, CA
Call Roy Harris at (916) 600-3851 for more info.
DRE CA LIC#01853228
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Cannabis & Hemp Banking
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