Listing Price – $500,000
This Moreno Valley location is a great opportunity for a cannabis dispensary featuring state licenses in hand. This dispensary boasts a coveted Annual State License from the Department of Cannabis Control (DCC), representing a greater value. Strategically located across from Moreno Valley College and near a bustling shopping center anchored by major retailer Stater Brothers, the visibility and accessibility are
unparalleled.
Despite recent operational transitions, the dispensary generated sales and is only closing since the operator has decided to open another location that is within a different City that is closer to their corporate business offices.
The new owner will need to make the space theirs and just add the fixtures that they desire. The property boasts a 2160 SF space (1,786 SF of Commercial Retail Space) with a rent of $5,400/Month. The space comes with a 5-year lease that commenced on November 1, 2023, and an additional three 5-year options to extend the lease, providing stability for the new owner. The location offers plenty of shopping center parking spaces, enhancing convenience for customers.
The sale includes the state retail storefront license and the City of Moreno Valley retail license along with the lease of space. Don’t miss out on this unique opportunity to buy a fully-licensed cannabis Dispensary!