Pre-Operational Retail Storefront in San Francisco, CA

Details

Listing #4997

Asking Price: $499,000 (Reduced from $750,000 – Make an Offer!)

**READY FOR BUILD-OUT** This location was chosen based on its strong demographics and visibility. Sitting on the border between the Excelsior and Cayuga Terrace neighborhoods, this +/- 3,500 SF property is surrounded by high average household incomes, large public parks (Balboa Park, McClaren Park, and San Bruno Mountain), and a large population. Being in the southern, central part of San Francisco, this dispensary won’t suffer from undue concentration issues – there are only 3 operational dispensaries near the location, with the nearest being over 2,500 feet away. Real estate leased or purchased separately (see pg 2).

Retail Storefront Highlights:

• Social Equity Permit at 40%
• Easy access to Interstate 280
• 10 min walk to Balboa Park BART Station
• Visibility:
  • • Cars Per Day ≈ 20,000
    • Walkscore.com Ratings:
      • Walker’s Paradise: 95
      • Excellent Transit: 84
      • Very Bikeable: 74
  • 2 Mile Demographics:
    • Pop ≈ 185,000
    • Avg Household Income: ≈ $160,000/yr
    • Annual Consumer Spending ≈ $2,550,000,000

License Acquisition Options:

• Sale: Asking $499k
  • Negotiable
  • 50% down payment
  • Seller Carry 50% for 6 months
• Lease via MSA: $12,000/mo
  • Negotiable
  • Purchase Option Possible
  • Real Estate Cost Separate

Property Information:

Buyer can lease the downstairs, 1,450 SF retail space, or purchase this 3,385 SF, two-story, mixed-use property. The property is located at a lighted intersection and has two existing residential tenants on M2M leases. Great for an owner/user or investor. Strong demographics. Excellent visibility. Strong resale value for future exit.

Property Highlights:

• Sale: Asking $1,500,000 ($436/SF)
• Lease: $7.00/SF NNN | $10,150/mo NNN
• 3,385 SF Two-Story Mixed-Use Property
• 2 Residential Units Leased M2M
  • $2,200/mo combined rental rate

Jason Piazza – License# 01405965 – WeCann