Cannabis Tier 5 Dispensary w/ Full Local Approvals For Sale (Scotch Plains, New Jersey) #1709

Price Reduction! Motivated Seller!

This listing presents a rare opportunity to acquire a Cannabis Class 5 Dispensary business in New Jersey. The business has a fully approved Annual Class 5 Dispensary License and obtained all necessary local approvals for retail operations. The facility itself spans 1,600 square feet, providing ample space for operations. Additionally, there is a Right of First Refusal (ROFR) on the sale of the building, as well as the option to lease the space. The space needs to be fully built out, however the construction bids are in hand and the new owner can begin constructing as soon as the transfer is made. Only 25 minutes from Newark Airport, the facility traffic count is 43,000+ VPD (Vehicles per day). The demand for cannabis properties and annual licenses in New Jersey is high, making this particularly attractive for individuals or multi-state operators seeking to expand their presence in the state’s market.

Details:

Space: 1,600 SqFt
Rent: $9,000.00/Month +NNN (Could be Negotiated)
Lease Terms: 10 YR, (2) 5 YR Options + 4.5% Annual Increase
Parking Spaces: 8
Build Out Cost: $380k
Fully Entitled
Construction Bids in Hand
25 Minutes from Newark Airport 
License: 

Township Approvals Retail Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
 

Asking Price: $500,000.00 (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

Gordon Sattro, DRE CA LIC# 02136011

If you have any questions Call Gordon (858) 220-2185

Email: gordon@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.