Cannabis Tier 5 Dispensary w/ Full Local Approvals For Sale (Scotch Plains, New Jersey) #1410

  • $1,890,000
For Sale Med New Popular Rec
Cannabis Tier 5 Dispensary w/ Full Local Approvals For Sale (Scotch Plains, New Jersey) #1410
  • $1,890,000

Business Description

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: $11,000.00/Month +NNN
  • 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: $1,890,000.00 (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

Eric Espinoza, DRE LIC CA# 02077927

Elliot Cardenas, DRE LIC CA #02138336

If you have any questions call Eric (858) 245-6324 & Elliot (619) 770-2699 

Email: broker@glbgroupinc.com & elliot@glbgroupinc.com

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

Business Details

  • Price: $1,890,000
  • Business Type: Dispensary Retail w/ Delivery, Seller Financing Available
  • Business Status: For Sale
  • Location: New Jersey
Green Life Business Group, Inc DRE CA LIC# 02061374
Pictures shown are for illustrative purposes only and do not represent the actual business, unless otherwise noted.

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Eric Espinoza, VP
  • Eric Espinoza, VP