Licensed NYC Dispensary, Busy Street, Densely Populated Area of Queens

CannaMLS ID: 14354
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Price: $2,000,000


Listing Details


Listing Category
Dispensary
Home Delivery

License Status
Municipal / local license granted
State / annual license granted

Adult Use
YES

Price: $2,000,000

Listing Status: For Sale

This Licensed Dispensary is located on a busy street in a densely populated area of Queens. A major thoroughfare and a heavily used subway stop are a block away. The build-out is almost complete with opening plans for November 2024.  The price is for 100% of the business and the license, including a social equity component. 700 sq. ft. ground level and 700 sq. ft. lower level are leased at $12,500 NNN monthly.  10 year lease with 3% annual escalations.  Seller can assist in a transition of the business to Buyer.  Seller is amenable to financing a portion of the purchase with a credit worthy note. Seller also has a similar opportunity in a prime Union Square location in Manhattan, which can also be acquired, if desired by Buyer. Karen Muller, New York  Broker #10351215829, is the broker for Seller.  NDA and POF required


Listing Details

Listing Status
For Sale

Location
Queens, New York 11111

Date Listed For Sale:
10/29/2024

Date Last Updated:
10/30/2024

Generating Revenue:
NO

Operational:
NO

Property Details

Buiding Size (sq ft)
1400 sq ft

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
NO

Green Zone Confirmed
YES

Pricing Details

Listing Price
$2,000,000

Seller Financing Available?
YES

Property Lease Rate
$12,500/month

Lease Terms:

700 sq. ft. ground level and 700 sq. ft. lower level are leased at $12,500 NNN monthly.  10 year lease with 3% annual escalations. 


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