CannaMLS ID: 255900
Marijuana Retail Storefront for sale in CA 92324
Cannabis Leased Investment Riverside Retail Storefront
Created | Updated
Price
$ 5,651,000
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
- Property
- Licenses
- General
Property
Address: 125 W La Cadena Dr.
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Building size (sq ft): 5,530
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 themselves 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.
Asking $5,651,000 – 6% CAP Rate
Rent: +$27,000/mo
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: Aprrox. $75K
Real Estate:
Approx. 5,530 SF
Lot Size: 0.37 ACRE
Newly Renovated
Tenant Operational in Summer 2022
- Property
- Licenses
- General
Property
Address: 125 W La Cadena Dr.
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Building size (sq ft): 5,530
