Property profile

400 Magnolia Ave Larkspur, CA 94939

OFF-MARKET
Cannabis Properties
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Property summary

AI-generated overview

Great opportunity to acquire a fully licensed delivery business in Marin County (Pop 260k+)! The owner has secured a leased and has local and state approvals in hand for a cannabis Non-Storefront Retail Delivery business. The building has great parking, the landlord is open to a long term lease. The beauty with these delivery businesses is that you are able to deliver as far as logistically possible, and are not limited to just the county. Meaning the new owner could expand into neighboring markets and increase the revenues. Marin County is only an hour way from Oakland (Pop 433k+), and other major cities in the Bay Area, and 2hrs away from the city of Sacramento (Pop 525k+). Marin County itself is also known as a cannabis retail desert, due to the limited delivery licenses as there are no Dispensary Retail dispensaries in the county. That means that there are areas with an absence of legal retail outlets, so delivery businesses are the next best thing. If dispensaries are not permitted due to local restrictions, then drivers can legally deliver to the consumers doorstep in those communities.

Property profile

Verified
Property type Cannabis Properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • City Government Office
  • City Government Office
  • City Government Office
  • General Contractor Construction Company
  • Public Library

Location

400 Magnolia Ave Larkspur, CA 94939
Larkspur metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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