This unique opportunity presents a dispensary retail business that includes the real estate in El Monte, California. The business resides within a sizable 10,870 SqFt building, ideally situated near a major highway intersection, catering to a densely populated demographic of over 555K residents within a 5-mile radius. El Monte is an attractive location due to its strategic position approximately 12 miles east of downtown Los Angeles. Known as the hub of the San Gabriel Valley, the city’s proximity to LA provides excellent access to a vast customer base and a bustling urban market.
The property, valued at an estimated $3M, has benefited from $100k of renovations and tenant improvements. It is located in the green zone and approved for a cannabis Dispensary license. This license also allows for the addition of a Delivery license, further enhancing the scope of the business. The building’s easy highway access and ample parking make it an ideal destination for customers. It offers an exceptional opportunity for a company to expand their retail footprint in the heart of the cannabis industry. Possessing a retail license in Los Angeles offers numerous benefits, including major exposure in a globally recognized city and a thriving market. It’s a flagship location in terms of market size, accessibility, and potential for growth. Leveraging this location can significantly boost brand visibility and reputation, contributing to long-term business success.
Details:
Real Estate INCLUDED in Asking Price Estimated Value $3M
Space: 10,870 Sq.Ft.
Property Lot: 30,107 Sq.Ft.
Parking: 32 Spaces
$100k+ Invested into the Buildout
Adult Use & Medicinal
Annual License In Hand!!!
This is a General License, Not Social Equity!
License:
Retail Storefront: Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
Delivery: Retailer Non-Storefront License- Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have a licensed premises, but it is not open to the public.
Asking Price: $3.49M (Seller Open to Offers)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Drew Mathews, DRE LIC CA# 02091143
If you have any questions Call Drew’s Assistant at (619) 952-2929 or Drew (619) 653-0483
Or Email : ceo@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.