DOWNTOWN Gaslamp San Diego Cannabis Dispensary Retail & Delivery License For Sale (San Diego, California) #1277

  • $2,990,000
Pending Med New Popular Rec
DOWNTOWN Gaslamp San Diego Cannabis Dispensary Retail & Delivery License For Sale (San Diego, California) #1277
  • $2,990,000

Business Description

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 prior to occupancy permit. Post occupancy and during the construction, upon opening which is estimated to be 8 months, the rent will be $10,000/Month. The in between Months of the 13th month to the 36th month the rent will increase to $20,000/Monthly. 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-

Downtown

Gaslamp

Little Italy

Petco Park

Cortez Hill

Bankers Hill

Traffic Count – 6,846 Cars Passing Daily

Population in 4 Mile Radius – 43,096

Details:

  • Space: 1,513 Sq.Ft. (2 Story Building)
  • Rent Prior to Occupancy (Estimated 4 Months): $2500/Monthly
  • Rent Post Occupancy/During Construction/Upon Opening (Estimated 8 Months): $10,000/Monthly
  • Rent Between Months 13th-36th: $20,000/Monthly
  • Annual Rent Increases may occur after the 36th Month
  • Lease: 5 YR w/ (4) 5 YR Renewal Options- Total of 25 YRs
  • Parking Spaces: 5 Onsite & Parking Garage Across the Street

License:

  • 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: $2.99M  

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 LIC CA# 02091143

If you have any questions Call Drew at (619) 653-0483

Or Email : ceo@glbgroupinc.com

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

Business Details

  • Price: $2,990,000
  • Business Type: Dispensary Retail w/ Delivery, Seller Financing Available
  • Business Status: Pending
  • Location: California
  • Down Payment Required: $2,500,000.00
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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Drew Mathews, CEO
  • Drew Mathews, CEO