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

Costa Mesa, CA, USA
$1,500,000

Details

Listing 4925

Asking Price: $1,500,000

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

  • ID: 11166
  • Published: January 15, 2024
  • Last Update: January 15, 2024
  • Views: 676

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