CannaMLS ID: 5908
Created | Updated
Price
$ 3,950,000
Seller financing available
chad.dixon@streamrealty.com // 949.371.5137 Stream Realty Partners is pleased to present for sale From the Earth Port Hueneme (cannabis dispensary & real est
Address: 2675 N Ventura Rd
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Purchase price: $ 3,500,000
Building size (sq ft): 9,960
chad.dixon@streamrealty.com // 949.371.5137
Stream Realty Partners is pleased to present for sale From the Earth Port Hueneme (cannabis dispensary & real estate). This mixed-use (retail + office) property boasts an unbeatable location in a densely populated area, with high visibility and easy customer access. With a trade area of 172,000 people within five miles and an average household income of $96,000, long term stability is guaranteed.
Great Location – Prime location in Port Hueneme, CA, offering an incredible investment opportunity in a highly desirable area. This retail property benefits from being situated in a dense infill community with excellent ingress/egress options, ensuring easy access for customers. Positioned near a corner, the property enjoys exceptional visibility with a staggering 54,000 cars through the intersection daily, attracting significant attention from potential customers. The property’s advantageous location is further enhanced by the presence of a sizable trade area, boasting a population of 172,000 within a five-mile radius. Moreover, the area’s average household income of $96,000 reflects a strong purchasing power, providing a solid foundation for sustainable profitability.
Consistent Sales – This opportunity boasts a track record of consistent sales and robust profitability. With revenue figures of $5,640,000 in 2021, $4,644,000 in 2022, and an estimated $4,618,000 for 2023, this business demonstrates its ability to maintain a stable revenue stream over multiple years despite market volatility. Such consistent sales figures highlight the reliability and sustainability of this venture, providing investors with confidence in its long-term profitability potential.
Port Hueneme – Port Hueneme, CA, is a remarkable destination that stands out as a great place for several compelling reasons. Its idyllic coastal location along the California coastline offers stunning beaches, breathtaking sunsets, and a tranquil ambiance. The vibrant community fosters a strong sense of camaraderie and local pride, with numerous community events and gatherings that bring people together. The city provides an abundance of recreational opportunities, including surfing, sailing, fishing, and hiking in nearby Channel Islands National Park. Furthermore, Port Hueneme’s proximity to major cities like Los Angeles and Santa Barbara allows residents to enjoy urban amenities while maintaining a relaxed coastal lifestyle. With a strong economy and diverse employment opportunities, Port Hueneme is an attractive place for businesses and entrepreneurs looking for growth and success. Overall, Port Hueneme offers a unique combination of natural beauty, community spirit, recreational options, convenience, and economic stability, making it an exceptional destination.
Limited Supply Market – Port Hueneme’s limited-license market fosters a stable environment for businesses, ensuring long-term revenue and profitability. This exclusivity provides businesses with a competitive advantage and reduces the risk of saturation in the market.
Operational and Turnkey – The turnkey nature of From the Earth offers several advantages: immediate cash flow, risk mitigation, established reputation, and a loyal customer base. This profitable business offers potential for a smooth transition and risk mitigation.
Parking – This property’s location within a larger retail center brings forth several advantages. The presence of a healthy tenant mix ensures a diverse range of businesses, attracting a steady flow of customers and creating a vibrant shopping environment. Additionally, the ample parking available within the retail center caters to the convenience of visitors, providing ease of access and enhancing the overall shopping experience. With a combination of a thriving tenant mix and ample parking, this property enjoys the benefits of increased foot traffic and customer satisfaction, ultimately contributing to its potential for success.
Value Add Potential – Currently, the dispensary uses vacant space on the property for storage and office space. The lease-up of vacant space presents an excellent opportunity for value-add potential. By securing tenants for previously unoccupied areas, property owners can increase rental income, maximize the property’s utilization, and enhance its overall value. This value-add potential allows investors to capitalize on untapped opportunities and unlock the full potential of the property, leading to increased returns on their investment.
Option to lease or buy real estate.
Address: 2675 N Ventura Rd
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Purchase price: $ 3,500,000
Building size (sq ft): 9,960