CannaMLS ID: 2314
Created | Updated
Price
$ 1,495,000
Take this rare opportunity to purchase a fully operational retail storefront license in the City of Corona! The business has been operating for about 12 months,
Stock image generated by CannaMLS. Request listing photos from seller.
Property is: For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Monthly lease rate: $ 25,000
Building size (sq ft): 10,000
Take this rare opportunity to purchase a fully operational retail storefront license in the City of Corona! The business has been operating for about 12 months, and is one of only 8 retail storefront businesses currently open in the City. The City of Corona is the gateway to Riverside County from both Orange County and San Bernardino County. The 91 Freeway alone captures nearly all of the commuter traffic that commutes from OC to the Inland Empire. Combined with the demand from its own constituents, Corona is a great city for a dispensary. This operator’s sales are trending upwards, and on pace to hit $3 million in PRE-TAX gross revenue for 2024. This business is priced to sell, contact me for more details!
Commuter Traffic: 300K vehicles per day cross the Riverside – Orange County line
Population: 160K approximately
Median Income: $89K approximately
Building Size: 10,000 SF approximately
Good Parking: 20 stalls
Room to Expand: Building also qualifies for non-retail licenses
Lease Terms: Buyer to sign a new lease
Monthly Rate: $2.50 per SF ($25,000) + NNN
3% bumps annually
Term: 5 years w/ 2 options to extend
Business Sale Price: $1,495,000
NDA will need to be executed for additional information.
Building Size: 10,000 SF approximately
Good Parking: 20 stalls
Room to Expand: Building also qualifies for non-retail licenses
Lease Terms: Buyer to sign a new lease
Monthly Rate: $2.50 per SF ($25,000) + NNN
3% bumps annually
Term: 5 years w/ 2 options to extend
Stock image generated by CannaMLS. Request listing photos from seller.
Property is: For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Monthly lease rate: $ 25,000
Building size (sq ft): 10,000