Property Description

Sale Details

Status: Closed
M&A: Yes
Deal Type: Leased Investment
License: Retail Storefront
Building sqft:
Total Sales Value: $2,500,000
Approximate Closing Date: 9/22/23
Represented: Dual Agency
Listing Agent: Jason Piazza, Ryan Dowse

Listing Details

Don’t miss out on this rare opportunity to gain strong returns from this prime cannabis leased investment opportunity which houses one of Southern California’s hottest retail companies. The tenant is a household name in the cannabis retail scene and has established itself as a quality retailer in the industry. Located in Riverside California, the building enjoys phenomenal freeway visibility from interstate 215. The property is currently under renovation and the owner has already funded the massive improvement made to the building. Once complete, the space will be a fully built-out retail storefront with over 22 parking spaces in its exclusive lot.

Highlights

• Rent Includes Billboard Rent
• Single Tenant NNN Lease
• Tenant Invested $1,700,000 in Capital Improvements
  • Elevator Installed
  • Raised Roof
  • Modern Exterior
  • Top-Notch Interior Improvements
• Demographics:
  • Population (5-mile): 243,047
  • CPD on I-215: 165,000
  • Med Household Income: Approx. $75K
• Real Estate:
  • Approx. 5,530SF
  • Lot Size: 0.37 ACRE
  • Newly Renovated
  • Tenant Operational in Summer 2022
• NDA Required