Operational Dispensary – Bronx, NY – BEST LOCATION

Details

Listing #5240

Asking Price: $1,999,999

WeCann is pleased to present the opportunity to acquire a fully operational, rapidly scaling cannabis dispensary located in the most dominant retail and transit-oriented commercial district in the Bronx, widely regarded as the strongest retail location in the borough.

This offering provides immediate entry into a high-visibility, high-volume urban cannabis market, with strong early sales, long-term site control, and retail fundamentals that are exceptionally difficult to replicate in New York City.

Why This Is the Best Retail Location in the Bronx

This dispensary is positioned within the Bronx’s primary shopping corridor, defined by institutional-grade retail, massive pedestrian flow, and constant transit activity. The location was formerly occupied by a double-decker McDonald’s, a meaningful indicator of site quality, national brands of this caliber only operate in locations with exceptional foot traffic, visibility, and sustained consumer demand.

Key location attributes include:

• One of the highest pedestrian traffic concentrations in the Bronx
• Dense cluster of national retailers, quick-service restaurants, and destination shopping
• Immediate access to multiple subway lines (B, D, and 4) and major bus routes
• Strong vehicular exposure along a major Bronx commercial artery
• A true destination retail district, drawing shoppers from across the Bronx and Upper Manhattan

Traffic Counts & Transit Exposure

While exact counts vary by block and time of day, this retail corridor consistently ranks among the most trafficked areas in the borough:

• Estimated pedestrian traffic: ~40,000 – 60,000+ pedestrians per day
• Estimated vehicular traffic: ~25,000 – 35,000+ vehicles per day
• Transit access: Multiple subway lines within short walking distance, providing direct connectivity to Manhattan
• Bus service: Numerous local and express bus routes operating throughout the day and evening

These dynamics create continuous exposure from morning through late evening, a key driver for strong cannabis retail performance.

Business Performance Highlights

• Operational for approximately 12 months, with continued upward momentum as the store matures
• Projected 2026 Gross Income of $2,458,492.68
• Projected 2026 Net Income of $512,851.28, representing a 21% profit margin

Real Estate & Lease Structure

• Freestanding building – approx. 6,000 SF total
  • ~2,600 SF ground floor (dispensary)
  • ~2,600 SF second floor (sub-leasable)
  • ~600 SF basement
• Lease term: Long term lease will be established with Buyer
• Annual rent: ~$360,000
  • Monthly: ~$30,000

Pricing & Investment Metrics

• Asking Price: $1,999,999
• Pricing Multiple:
  • ~0.81× projected 2026 gross income
  • ~3.9× projected 2026 net income
• Priced to sell based on current run-rate and projections, without underwriting future revenue growth or operational upside
• Provides entry at a basis below prevailing market multiples for comparable New York dispensaries