CannaMLS ID: 257027
Cannabis Dispensary Facility for sale in Seattle, WA 98133
Washington State 502 stores (3) along I-5
Created | Updated
Price
$ 5,750,000
Seller financing available
New price is less than 70% of trailing years sales. 3 operating 502 retail stores, all near I-5. New store is one year old and other are 4-5 years old. Brokers
Stock image generated by CannaMLS. Request listing photos from seller.
- Property
- Licenses
- General
Property
Address (1): 10700 Meridian Ave. N
Address (2): #505
Property is: For sale, For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Purchase price: $ 5,750,000
Monthly lease rate: $ 13,500
Lot size (acres): 20,000
Building size (sq ft): 7,500
- Property
- Licenses
- General
Property
Address (1): 10700 Meridian Ave. N
Address (2): #505
Property is: For sale, For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Purchase price: $ 5,750,000
Monthly lease rate: $ 13,500
Lot size (acres): 20,000
Building size (sq ft): 7,500
Description
New price is less than 70% of trailing years sales. 3 operating 502 retail stores, all near I-5. New store is one year old and other are 4-5 years old. Brokers protected.
Gross sale of 3 stores $7,700,000 in 2021
Net profit in 2021 $ 2,100,000
Stores rents $4000, $4800, and $5,000 per month. 5 year triple net lease with stores available to buy after 5 years at market price.
Terms: $4,750,000 with $1,000,000 payable over 2 years at 4%.
Lease terms and options are subject to negotiation. A right of first refusal (ROFR) to purchase real estate will be granted to buyer.
Stock image generated by CannaMLS. Request listing photos from seller.
