Pre-operational Class 5 Retailer License in Irvington, NJ

Details

Listing #5030

Asking Price: $1,500,000

WeCann is pleased to offer an exceptional opportunity to acquire a pre-operational Class 5 Retailer license, complete with an approved local resolution from the township of Irvington, NJ. This license is associated with a strategically located 3,700 SF property, featuring a favorable lease arrangement. The site benefits from high visibility with frontage on a major thoroughfare, immediate access to the Garden State Freeway, and proximity to a significant transportation hub. The property is surrounded by a mix of national retailers and local businesses, making it an ideal location for a dispensary. The Seller is currently progressing through the CUP process and will collaborate with the Buyer to finalize all local and state licensing requirements.

Investment Highlights:

• Limited Competition: One of only four licenses approved in Irvington, NJ
• Approvals: Local Resolution and Conditional Approval already secured
• Prime Location:
  • Directly across from the Irvington Bus Terminal
  • Frontage on Springfield Ave with approximately 17,000 daily vehicle traffic
  • Adjacent to the Garden State Freeway with a daily traffic count of 198,000
• Property Size: 3,700 SF
• Monthly Rent:
  • $2,000 Holding Period Rent – Current rental rate
  • $7,000 Base Rent upon property possession ($22.83 per SF annually)
• Licensing Purchase Price: $1,500,000
  • Seller financing available

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Meilad Rafiei – License# 01788589 – WeCann