Turn Key Fully Operational Retail Storefront Business For Sale (Portland, OR) #591

  • $1,500,000

Business Description

Great opportunity to acquire a turnkey operational cannabis storefront business in the highly desired city of Portland, Oregon. This is an Oregon-licensed, full-service marijuana cannabis retail business that is currently generating revenue. The landlord is on month-to-month awaiting new lease terms which are 5 years plus a 5 year option. The business needs additional right of way improvement to be completed in 2022 by the new owner. City required to get full occupancy currently on a temporary certificate due to winter and the city not allowing work to begin until spring through the end of summer. The total building size is over 5,000 sq. ft. 

This is a great opportunity for someone who is looking to target a major cannabis market in Oregon, a Multi-State Operator looking to expand their footprint in the industry, or someone who is looking to enter the industry. 

Cannabis Businesses were labeled as essential businesses in March of 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Details: 

  • Rent: ≈ $8,000/Month
  • Space: ≈ 5,000 sq. ft.
  • Lease: 5 YR w/ 5YR Option 
  • 2022 Net Gross Sales ≈ $1.6M 
  • Recreational and Medicinal 
  • Licensed both at Local and State Level 

Licensing: 

Retail Storefront: A retail license is required to service recreational patients. A dispensary or caregiver license is needed to serve medical patients. It is possible to hold both licenses by paying a “medical bump up” fee to the OLCC. However, the medical and recreational dispensaries must be separate buildings (or suites).

 

Asking Price: $1,500,000.00 (Seller Open To Offers)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Scott Hite, DRE LIC OR# 201218627

If you have any questions Call Yesenia (619) 433-5773

Or Email : nationwide@glbgroupinc.com

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: $1,500,000
  • Business Type: Retail
  • Business Status: For Sale
  • Location: Oregon
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.

Compare listings

Compare
Scott Hite, Broker (Oregon)
  • Scott Hite, Broker (Oregon)