Cannabis Tier 5 Dispensary W/ Local Approvals (Scotch Plains, NJ)#1410

Dispensary W/ Full Local Approvals (Scotch Plains, New Jersey) #1410

This listing presents a rare opportunity to acquire a Cannabis Class 5 Dispensary business in New Jersey. The business has a fully approved Annual Class 5 Dispensary License and obtained all necessary local approvals for retail operations. The facility itself spans 1,600 square feet, providing ample space for operations. Additionally, there is a Right of First Refusal (ROFR) on the sale of the building, as well as the option to lease the space. The space needs to be fully built out, however the construction bids are in hand and the new owner can begin constructing as soon as the transfer is made. Only 25 minutes from Newark Airport, the facility traffic count is 43,000+ VPD (Vehicles per day). The demand for cannabis properties and annual licenses in New Jersey is high, making this particularly attractive for individuals or multi-state operators seeking to expand their presence in the state’s market.



Details:

Space: 1,600 SqFt
Rent: $11,000.00/Month +NNN
Lease Terms: 10 YR, (2) 5 YR Options + 4.5% Annual Increase
Parking Spaces: 8
Build Out Cost: $380k
Fully Entitled
Construction Bids in Hand
25 Minutes from Newark Airport
License:

Township Approvals 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.

Asking Price: $950,000.00 (Seller Open to Offers)