Rare Opportunity! Retail Storefront and Delivery For Sale in Busy Shopping Center (Santa Rosa, CA) #624

  • $1,490,000

Business Description

Establish your dispensary at one of the best locations in Santa Rosa. This is a unique opportunity to acquire approvals for a storefront and delivery business at the main entrance to one of the city’s busiest shopping centers. The approved location is easily accessed from an adjacent freeway interchange and the total average daily traffic count on the streets directly adjacent to the center is approximately 50,000 ADT. It is surrounded by high density residential housing and is supported by multiple well-known national tenants including a large natural foods grocery store which is a destination anchor for residents from all around Sonoma County. This opportunity includes the assignment of a favorable lease with options to extend up to 25 years. The retail space is currently vacant which will give the new owner the opportunity to conduct the buildout to their own specifications, apply for state licensing under their own entity and most importantly establish a customer base using their own brand and identity.

Santa Rosa is well known for its favorable tax rates and fair cannabis policies. Santa Rosa’s Local Tax rates are 3% of Retail Gross Receipts. It is the 5th largest city in the Bay Area and tends to have cannabis friendly demographics.

 

Details

  • CUP Obtained for Medical and Recreational delivery and storefront
  • Lease: 10 YR (Options to extend for an additional 15 YRS)
  •  ~2,250 sq. ft. of approved dispensary space and an additional ~1100 sq. ft. of office space 
  • Rent: $5,750 + NNN (~$8k)
  • Located in a busy 10 acre shopping center with adequate parking

Approved For:

  • Retail Cannabis Storefront – Medical & Recreational
  • Retail Cannabis Delivery – Medical & Recreational

 

Licenses:

  • 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.

 

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this. 

 

Asking Price: $1,490,000.00

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

Yesenia Jimenez, DRE LIC CA# 02073168

If you have any questions Call Yesenia at (858) 633-3013

Or Email : asm@glbgroupinc.com

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

Business Details

  • Price: $1,490,000
  • Business Type: Dispensary Retail w/ Delivery
  • Business Status: Pending
  • Location: California
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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Yesenia Jimenez, ASM
  • Yesenia Jimenez, ASM