Marijuana Dispensary Storefront for sale in Elizabeth , NJ 07201

Don’t miss this rare opportunity to acquire a Conditionally Approved Type 5 Retail License, with a Local Resolution in the thriving city of Elizabeth. This license is tied to a C-3 zoned property that is excellent for a cannabis dispensary. Situated on a major retail thoroughfare in a densely populated area, this property is away from the four operational dispensaries in the city, providing a strategic advantage. Elizabeth is the fifth-largest city in New Jersey, boasting a population of 135,000 and a median age of 35, making it a prime market for cannabis retail. With a moratorium currently in place on new licensing applications, this is one of the few remaining opportunities to enter this competitive market. The seller is highly motivated, offering favorable lease terms and a well-positioned property to launch your business.

What is for Sale:

New Jersey Conditionally Approved Type 5 Retail License for sale

Local resolution of support in place from Elizabeth, NJ

Key Selling Points:

Prime location tied to the license

Strategic market entry opportunity in a city with limited licenses available

Fifth-largest city in New Jersey

City has approved six retail resolutions, four are operational

Current moratorium on new licensing applications

Property:

3,300 SF Unit

Main sales floor: Approximately 1,500 SF

Includes Rooftop and Basement

Located on a major retail thoroughfare in a densely populated area

Away from the 4 operational dispensaries in Elizabeth

Lease'

10-Year Initial Term

Rent:

Years 1-5: $9,166.66 Monthly ($2.77 per SF)

Years 6-10: 3% Annual Increases

Lease'

10-Year Initial Term

Rent:

Years 1-5: $9,166.66 Monthly ($2.77 per SF)

Years 6-10: 3% Annual Increases