NNN-Leased Cannabis
569 Searls Avenue, Nevada City, CA 95959
For Sale
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Four-unit retail and research building occupied by a cannabis operator and affiliated businesses under NNN leases.
Property SizeContact for details
Days on Market39
Property Features for 569 Searls Avenue
General Information
Standard status
Property subtype
Listing Agency:
Tucker Commercial
Listed By:
Tyson Tucker · License #01804034
(530) 272-7222
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 5:45PM
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 Tucker Commercial
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Investment Insights
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At 8,100 square feet, this four-unit building combines retail and research-and-development space on a 0.70-acre parcel. The property is fully leased on a NNN basis to Elevation 2477, LLC and affiliated companies. The dispensary occupies approximately 3,000 square feet; the affiliated businesses use the remaining area for distribution and non-volatile extraction. All four leases were extended in July 2023 through July 31, 2030, with annual rent increases of 2.00%. Tenants cover their pro-rata operating expenses, including capital costs amortized over twelve years, and funded their own specialized improvements.
The City of Nevada City has issued one dispensary license, held by the tenant operator. The dispensary has operated since 2018. The property is in Nevada City, California.
The City of Nevada City has issued one dispensary license, held by the tenant operator. The dispensary has operated since 2018. The property is in Nevada City, California.
Key Highlights
- 8,100‑square‑foot building with four units on a 0.70‑acre parcel
- Fully leased to Elevation 2477, LLC and affiliated companies on a NNN basis
- Dispensary occupies approximately 3,000 square feet; affiliated operations use the balance for distribution and non‑volatile extraction
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
4k
Monthly Visits Nearby
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Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Port of Subs
Dining
1,787 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,014 visits/mo
0.1 miles
Big Brand Tire & Service
Shops & Services
936 visits/mo
0.1 miles
Demographics for 95959, CA
18,621
Population
8,840
Households
2.1
Avg Household Size
53
Median Age
45%
College-Educated
96%
High-School Grad
311.9 sq mi
ZIP Area
60
Density / Sq Mi
$79,509
Median Household Income
$36,160
Median Earnings
$1,715
Median Rent
$603,200
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Cannabis property - Four-unit retail and research building occupied by a cannabis operator and affiliated businesses under NNN leases.
Where is this cannabis property located?
The property is located at 569 Searls Avenue Nevada City, CA.
What is the asking price?
The asking price for this property is $2,835,000.
What are key features of this property?
This property features: 8,100‑square‑foot building with four units on a 0.70‑acre parcel; Fully leased to Elevation 2477, LLC and affiliated companies on a NNN basis; Dispensary occupies approximately 3,000 square feet; affiliated operations use the balance for distribution and non‑volatile extraction
