Asking Price: $499,000

WeCann is pleased to present the opportunity to acquire a fully licensed and fully built-out retail cannabis dispensary located at 190 Skyline Plaza, Daly City, CA 94015. This offering represents a rare opportunity to enter one of the Bay Area’s most supply-constrained cannabis retail markets through an established, shopping-center-based location with long-term lease security.

Situated within a 75,000 square foot, high-traffic retail center with national anchor tenants and 359 shared parking spaces, this dispensary benefits from consistent consumer traffic and strong visibility in a traditional retail environment. Cannabis retailers operating within institutional-grade shopping centers, particularly in higher-income Northern California communities, remain exceptionally rare. The co-tenancy dynamic creates meaningful cross-shopping potential, capturing customers visiting the center for everyday retail needs.

Daly City’s position as a gateway market between San Francisco and the Peninsula further strengthens this investment. The city combines dense residential neighborhoods, strong household incomes, direct commuter access, and limited cannabis license issuance. Compared to neighboring municipalities such as Oakland and San Francisco, where dispensary saturation and occupancy costs are significantly higher. Daly City offers a more balanced supply environment and favorable long-term positioning for operators focused on sustainable growth.

The dispensary is fully built out, fully licensed to operate, and previously operational. The sellers have elected to close the business, creating an opportunity for a buyer to relaunch operations immediately without the time and risk associated with new license procurement or construction.

PROPERTY HIGHLIGHTS

• Address: 190 Skyline Plaza, Daly City, CA 94015
• Premises Size: 1,491 SF
• Retail Center Size: Approximately 75,000 SF
• Parking: 359 shared spaces
• Location Type: Institutional shopping center with national anchor tenants
• Status: Fully built out and fully licensed retail dispensary

LEASE SUMMARY

• Initial Term: 10 years
• Remaining Term: Approximately 9 years
• Base Rent: $9,500 per month
• All-In Rent (Base + CAM): Approximately $13,500 per month
• Effective Rent: Approximately $6.37 per square foot

For comparison, similar retail space in neighboring San Francisco commonly commands materially higher rental rates, making this lease structure attractive relative to broader Bay Area retail economics.

INVESTMENT HIGHLIGHTS

• Fully built out retail cannabis dispensary
• Fully licensed to operate
• Previously operating, now available for relaunch
• Rare shopping center location
• Long-term lease security
• Limited-license Bay Area market
• Strong demographic base
• Measurable operational upside

The site has a demonstrated operating history, and local consumers are familiar with cannabis retail at this address.

MARKET OVERVIEW: DALY CITY

Demographics

• Population: Approximately 104,000 residents
• Immediate proximity to San Francisco (~815,000 residents)
• Dense residential housing stock
• Strong commuter traffic
• Median household income exceeding $110,000

Daly City benefits from a stable consumer base supported by employment centers in San Francisco, Silicon Valley, and the broader Peninsula. Its geographic position along Highway 1, Interstate 280, and Skyline Boulevard provides convenient regional access.

CANNABIS REGULATORY ENVIRONMENT & MARKET SATURATION

Daly City has maintained a controlled approach to cannabis retail licensing, resulting in limited competition relative to many Northern California markets.

Comparative Market Saturation

City                         Population                         Approx. Dispensaries                         Residents per Dispensary

Daly City                 ~104,000                                 ~4                                                                    ~26,000

San Francisco        ~815,000                                 ~40                                                                  ~20,000

Oakland                  ~430,000                                ~35                                                                   ~12,000

With approximately one dispensary per 26,000 residents, Daly City remains significantly less saturated than Oakland and moderately less saturated than San Francisco. This more conservative license environment supports stronger long-term revenue stability and reduced competitive compression.

CURRENT PERFORMANCE & UPSIDE

Prior to closure, the business was averaging approximately:

• $1,000 per day in sales
• $42,000 in revenue during its most recent full month

Given the strength of the location, surrounding demographics, and limited competitive landscape, this revenue level appears materially below the potential performance of a well-branded and properly marketed operation.

Identified Opportunity Areas

• Improved exterior visibility and signage clarity
• Clearer cannabis-forward branding
• Targeted local marketing initiatives
• Stronger customer retention and loyalty programming
• Optimized product assortment and pricing strategy

An experienced operator could reasonably expect meaningful revenue improvement through operational execution alone.

PRICING

Asking Price: $499,000

Seller financing available.

Disclaimer:

All information contained herein is provided for general informational and marketing purposes only and is believed to be derived from sources deemed reliable; however, no representation or warranty, express or implied, is made as to the accuracy, completeness, or current applicability of such information. Information presented may include, but is not limited to, regulatory, licensing, zoning, market, financial, and operational data, all of which are subject to change without notice. Prospective purchasers are solely responsible for conducting their own independent due diligence and are encouraged to verify all information with appropriate governmental authorities and professional advisors prior to making any investment or acquisition decision.

Meilad Rafiei – License# 01788589 – WeCann