Rare Annually Licensed Class 5 Cannabis Retail Storefront Business (New Jersey, USA) #954

  • $5,900,000

Business Description

Rare opportunity to acquire a Cannabis Class 5 Dispensary business in the highly sought after state of New Jersey. This business stands on a 3,000 square foot facility that is fully approved at the local and state level and has received the currently scarce Annual License. The owner has gone through local and state jurisdictions and has the Annual license in hand representing a great value! The business is located in a prime location next to a busy highway where New York Traffic flows through.

Not only is the property approved for retail storefront sales, it is also zoned for Cultivation, Manufacturing, Distribution, Delivery and On Site Consumption where a Multistate Operator or Large Scale operator can be fully vertically integrated all under the same roof.

New Jersey opportunities are currently very high in demand. There are multiple licenses throughout the state of New Jersey in search of a home in a state where cannabis properties are VERY scarce as well as Annual Licenses therefore losing complete value. This is a great opportunity for someone who is looking to expand their footprint in the New Jersey Market with a rare opportunity, a multi-state operator looking to target a clean canvas, etc.

Details: 

  • Space: 3,000 Sq. Ft.
  • Parking Spots: 14 (Rare)
  • Class 5 Dispensary License
  • CRC License Local Approval
  • Could build up to 5 Stories
  • 18-20 FT Ceilings
  • Located on Extremely Busy Highway
  • ANNUAL LICENSE
  • 1 of 10 Licenses
  • Township Allows for Consumption Lounge
  • Seller Also Open To Selling the Underlying Real Estate
  • Ready to be built
  • New York City Traffic Flows Through This Highway
  • Property is Zoned Class 1,2,3,4 (Cultivation, Manufacturing, Distribution, Delivery)
  • Potential Full Vertical Integration
  • 1-2 Months Until Completely Built-out (Nearing the End of Construction)

Licenses:

  • Dispensary 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.

 

Asking Price: $5,900,000.00

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 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

Elliot Cardenas, DRE CA LIC #02138336

If you have any questions call Gordon at 858-220-2185 or Elliot at 619-770-2699

Email: gordon@glbgroupinc.com or elliot@glbgroupinc.com

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

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by Local Broker via the Green Life Business Group National Affiliate Program

Business Details

  • Price: $5,900,000
  • Business Type: Consumption Lounge, Cultivation, Delivery Retail Only, Dispensary Retail w/ Delivery, Distribution, Manufacturing Type 6 NON Volatile, Processing, Real Estate Property
  • Business Status: Pending
  • Location: New Jersey
  • Down Payment Required: $4,000,000.00
  • Capital Invested: $3,350,000.00

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Green Life Business Group, Inc DRE CA LIC# 02061374
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