Stockton Ca United Stockton, CA 95215

Property Details for 0 Stockton Ca United

Property size

1,220 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional opportunity presents a pre-operational cannabis retail storefront license in Stockton, CA, for $750,000. The 1,220 square foot space is situated in a bustling retail center with prominent CA-99 freeway frontage, ensuring high visibility and excellent signage opportunities. The property benefits from a large shared parking lot and convenient access via nearby freeway off-ramps, guaranteeing substantial traffic flow. Preliminary city approval for the Conditional Use Permit (CUP) is already in place, with finalization expected by mid-October. The buyer will assume responsibility for completing the build-out and securing state licensing post-CUP approval. This location boasts ideal neighboring tenants, further enhancing its appeal and potential for success. With only eight approved retail licenses in Stockton, serving a population exceeding 320,000 residents (approximately one dispensary per 40,000), this presents a rare chance to establish a leading cannabis retailer in a strategically advantageous location, distanced from existing competition. The property includes a 5-year initial lease (commencing April 2024) with a 5-year option to extend. The monthly lease rate is $5,600 during the license phase and increases to $8,955 upon CUP approval. The city's reasonable tax rate of 5% further enhances the investment's attractiveness.