Operational Dispensary Riverside, CA 92507

Property Details for 0 Operational Dispensary

Property size

5,400 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a thriving, established dispensary for sale in Riverside County, CA. The property boasts a total of 5,400 square feet of retail space, strategically divided between two buildings. Building 1, encompassing 1,500 square feet, serves as employee and managerial space, while Building 2, a substantial 3,900 square feet, houses the retail storefront, vault, and primary dispensary operations. The property benefits from a highly favorable lease agreement with approximately 2.5 years remaining on the initial 5-year term, including options to extend for an additional 10 years at a competitive monthly rate of $8,300 ($1.54 per square foot). Ample parking is provided with over 20 spaces. The location enjoys excellent visibility and high traffic counts, situated near a freeway off-ramp with 165,000 daily vehicles and a busy intersection with 12,000 daily vehicles. Surrounded by complementary retail businesses and residential areas, just outside the city of Riverside (population over 320,000), this dispensary benefits from a strong market presence. Successfully operating for three years, the business projects a gross income of $4,200,000 for 2024, excluding excise and sales tax. Significant revenue growth potential exists through expansion of current delivery services, which currently fulfill only 10 orders daily. This turnkey operation offers immediate profitability and substantial long-term growth prospects.