Listing ID : 425164
Posted on December 8, 2023 1
There is nothing like this on the MARKET TODAY! In one of these most densely populated and High Traffic Areas in all of San Diego.
Unique opportunity to acquire a City of San Diego Cannabis Retail & Delivery License (Pop. 1.4M) in a very desirable area of Downtown San Diego. The location is considered one of the best in Downtown San Diego, the license sits on a 2 story, 1,513 SqFt building. The current owner was able to negotiate the lease terms to be $2500/Mon during the permitting/ & buildout phase. However, this may not exceed 150 days. After 150 days, the rent will increase to $27k/Mon regardless of buildout status. This gives the new owner 150 days of a rental rate of $2500/Mon before the increase in rent kicks in order to mitigate pulling permits, start TI’s, etc. The location offers plenty of parking by having 5 onsite spaces plus a parking garage just across the street, representing a greater value!
This is a great opportunity for someone who is looking to expand their retail footprint in the San Diego Cannabis Market, estimated revenues are expected to be between $1.5M and $2M/Month out of this location! The new owner should also implement the delivery component in order to take advantage of the OC, LA & Riverside County areas. This is a great play for a multi-state operator looking to target a clean canvas or someone who is looking to enter the industry.
The Exclusivity of this License and Nearby Landmarks-
Traffic Count – 6,846 Cars Passing Daily
Population in 4 Mile Radius – 43,096
Space: 1,513 Sq.Ft. (2 Story Building)
Rent Pre-Operational 150 Days MAX: $2,500/Month
Rent Post-Operational: $27k/Month
Lease: 5 YR w/ (4) 5 YR Renewal Options- Total of 25 YRs
Parking Spaces: 5 Onsite & Parking Garage Across the Street
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.
Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Asking Price: $3,990,000.00
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
Drew Mathews, DRE CA LIC# 02091143
If you have any questions call Drew (619) 653-0483
Or Email : firstname.lastname@example.org
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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