I-502 Recreational Retail Store
Western Washington Turnkey
2018 Revenues Estimated at $4.5 Million
Gorgeous, Upscale 2400 Ft.² Store
Separate 1600 ft.² Vape/Glass Shop!
Offer #R1R47R29
Just $3.5 Million
(888) 743-0569
Roomy store in fantastic location! Over 2400 ft.² of retail store space (former Subway Restaurants, Inc. store and pre-privatization liquor store), beautifully designed and tailored for an exceptional customer experience! Well lit, contemporary design with upscale appointments.
Includes Two Additional Retail Spaces
1600 ft.² Tobacco/Vape/Glass Store! This mostly-complete store features a wide variety of cigarette and pipe tobacco products, e-cigarette products, and a huge selection of paraphernalia! Plus, a full service espresso cafe serving traditional coffee-bar fare and featuring specialty CBD Coffee drinks.
1800 ft.² utility space currently rented on a month-to-month basis to a food retailer. The space can be used to continue to generate subtenant income, expanding the I-502 retail store or the vape/tobacco/glass store
Additional Revenue Streams! Two additional retail spaces offer exceptional complementary but separate revenue stream potential. Currently, one of the additional retail spaces features a “vape and tobacco” retail store, which features a full line of e-cigarette paraphernalia and products, traditional tobacco products and a huge selection of glass and culture-swag. With its convenience-store location and feel, the vape and tobacco store represents a potentially significant revenue stream. According to the National Association of Convenience Stores, cigarettes and other tobacco products comprised 36% of all in-store convenience-store sales in 2016. That’s a purchase volume that exceeds the 21.7% food sales by convenience stores, and even the 15% packaged beverages sales, which includes beer. In addition to the vape and tobacco store, there is a third retail space currently rented on a month-to-month basis to a food retailer.
REC and Medical! Full Service Recreational and Medical Retail Store.
Location! Organizations like Subway Restaurants Inc. are highly skilled and very experienced at matching needed traffic-counts and demographics with strategic retail locations. As a former Subway and pre-privatization liquor store, this location has all the elements successful retailers desire! High-traffic retail location. Mini-mall setting with off-street, discreet parking and desirable proximity to bank and another retail mini-mall.
Exceptional staff! Fully trained, friendly, and professional team eager to help keep things running smoothly during transition or long-term!
I-502 MARIJUANA RETAILER
ASKING PRICE: $3.5 Million
OPERATIONAL STATUS: Open and conducting business
ON OFFER: Business, Assets and Leasehold (Purchaser will assume lease and operate at existing location)
FACILITY SIZE: Three separate retail spaces. One suite has retail marijuana store, one suite has almost completed vape and tobacco store, and one suite is rented, month-to-month, to a food retailer.
CURRENT LEASE AMOUNT: $12,000.00 per month NNN for all three retail spaces.
LEASE TERMS: 5 year lease began July 1st, 2017
Buy Smarter! The Green Rush Advisory Group, LLC offers a variety of WSLCB and OLCC Business acquisition strategies. Contact us today! (888) 743-0569 / www.Green-Rush.us. © 2018 Green Rush Advisory Group, LLC, Portland, OR, 97205. All Rights Reserved.
