Price Reduced – Cannabis Retail License in Costa Mesa – 2,600 SF Retail Space w/ Brand-New, City CUP & State License

Details

Listing 4925

Asking Price: $850,000

City CUP and state license approved for a cannabis retail storefront that is available in Costa Mesa!

This license is located at a 2,600 SF building with a 10-year lease plus 2 additional 5-year extensions, providing excellent street frontage and visibility within 300 feet of a busy signaled intersection. The property features tall ceilings, a fenced lot with 12 parking spots, and is adjacent to a retail strip and corner gas station. The triple net lease, approximately $20,625/month, and the option to purchase the real estate makes this an attractive investment. The fully licensed cannabis retail business offers potential for billboard advertising and a brand-new license without any existing liabilities/debt tied to it. Building plans are expected to be approved any day for this cannabis retail location.

Real Estate Highlights:

• 2,600 SF building
• 10-year lease with 2 additional 5-year extensions
• Rent approximately $20,625/month + NNN expenses.
• Excellent street frontage and visibility, near a busy signal intersection
• Adjacent to a retail strip and gas station
• Fenced and ample parking lot (4.62/1,000 SF)
• Potential to purchase real estate.
• Almost ready for build-out, plans will be approved any day now

License Highlights

• Fully licensed for cannabis retail
• Potential for billboard advertisement
• City CUP approved, and state license has been issued
• Brand new license with a clean slate

Ryan Dowse, Associate Agent, License# 02074994