Cannabis Dispensary Investment
For Sale
Contact for pricing
3243 Sacramento St, Berkeley, CA 94702
Established cannabis dispensary with long-term lease and attractive rental increases.
Property SizeContact for details
Days on Market122
Property Features for 3243 Sacramento St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Matthews
(925) 215-8641
Listed By:
Vincent Chapey · License #CA 02102058
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 8 at 7:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a cannabis dispensary operating under The Farmacy network, part of Glass House Brands Inc. The Farmacy aims to enhance recreational activities, self-care routines, and social connections while fostering welcoming atmospheres and community engagement. The location benefits from recent renovations totaling approximately $2.1 million by the landlord. The property is under a ten-year lease, with just over seven years remaining. The lease includes attractive four percent rental increases. The tenant's license allows operations as a retail storefront and delivery service. Situated on the corner of Sacramento Street and Alcatraz Avenue, the property benefits from a traffic count of approximately 50,000 vehicles per day. Its proximity to The University of California Berkeley ensures visibility and accessibility. The property benefits from Berkeley's limited-license market.
Key Highlights
- Tenant's versatile license permits operations as a retail storefront and delivery service.
- Located in Berkeley's limited‑license market, offering long‑term stability and profitability.
- High‑traffic location on the hard corner of Sacramento Street and Alcatraz Avenue with ± 50,000 vehicles per day.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Apparel 18%
Home Improvements & Furnishings 4%
McDonald's
Dining
25,770 visits/mo
0.4 miles
Goodwill
Apparel
6,278 visits/mo
0.4 miles
Domino's Pizza
Dining
1,996 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,336 visits/mo
0.4 miles
Demographics for 94702, CA
17,637
Population
8,209
Households
2.1
Avg Household Size
39
Median Age
65%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
13,567
Density / Sq Mi
$99,135
Median Household Income
$66,516
Median Earnings
$1,974
Median Rent
$1,168,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - Established cannabis dispensary with long-term lease and attractive rental increases.
Where is this cannabis property located?
The property is located at 3243 Sacramento St Berkeley, CA.
What are key features of this property?
This property features: Tenant's versatile license permits operations as a retail storefront and delivery service.; Located in Berkeley's limited‑license market, offering long‑term stability and profitability.; High‑traffic location on the hard corner of Sacramento Street and Alcatraz Avenue with ± 50,000 vehicles per day.**
