Portland “Green Mile”
OLCC Rec/Med Retail Store
2018 Earnings Estimated at $200,000
Gorgeous, Upscale 1,000 Ft.² Store
Discreet Location in Affluent District
Includes Property Option-Instant Equity

Offer #198
$1 Million
Call Us Today!
(888) 743-0569

Combined Sales for 2016, 2017, through Aug 2018 are $2.6 Million
Great Green Mile Location! ADA Accessible
Includes Two Spaces, Sublease Income

Set Up Shop, Literally, in Oregon’s Largest, Most Desirable Marijuana Market! Desirable recreational marijuana retail store locations in Oregon have always been hard to acquire. The proximity rules by which licensees must abide make it difficult for many retailers to secure the optimal retail locations. This is your chance to hit the ground running with a turnkey recreational marijuana retail store in Oregon’s largest and most desirable marijuana market, AND with a coveted Portland-area Green Mile location in one of the city’s most affluent and densely populated neighborhoods.

Roomy! Over 1,000 ft.² of retail store space, beautifully designed and tailored for an exceptional customer experience! Well lit, contemporary, L-counter design with upscale appointments. Expand up to 2,000 ft.² if desired!

REC and MMJ! Full Service Recreational and Medical Retail Store.

Location! Considered part of Portland’s venerable Green Mile, this store sits in the most affluent section of the Green Mile, in a densely populated area of close-in Northeast Portland containing a desirable mix of commercial and residential areas that also serve as the preferred shopping district for nearby neighborhoods and light rail travelers.

Get Real! The leasehold includes a transferable option to purchase the 4500 ft.² Commercial Mixed-Use 2 (CM2) building, with a total of three addresses. The leasehold covers two spaces, the 1000 ft.² recreational marijuana store and another 1,000 ft.² space currently generating rental income. All 2,000 ft.² was previously OLCC-licensed, so you can expand back into the additional 1,000 ft.² space, or, keep subleasing for a separate revenue/expense stream. The Purchase Option is $1.1 with an estimated $500,000 equity capture.

OG! Well established store with strong reputation for quality, selection, and customer service (previously an HB3460 Medical Marijuana Dispensary). Includes valuable Compliance, Policies and Procedures, and management template born from years of industry experience from veteran Colorado and Oregon marijuana industry stakeholders.

Exceptional staff! Fully trained, friendly, and professional team eager to help keep things running smoothly during transition or long-term!

Retail Store Offer Details Offer #198

CURRENT OLCC-APPROVED LICENSE AT LOCATION: RETAILER
ASKING PRICE: $1 Million
COUNTY: MULTNOMAH (City Of Portland)
OPERATIONAL STATUS: Open and conducting business
ON OFFER: Business, license interests, leasehold for two addresses, and Purchase Option for building, for a total of three addresses and instantly captured approximately $500K in equity!

FACILITY SIZE:

  • Building is 4500 ft.²
  • Lease with Option covers 2,000 ft.², of which 1000 ft.² the seller has subleased
  • Recreational Marijuana Retail Store is 1,000 ft.²
  • Subleased space is 1,000 ft.²
  • All 2,000 ft.² was previously OLCC-licensed, so you can expand back into the additional 1,000 ft.² space, or, keep subleasing for a separate revenue/expense stream.

CURRENT LEASE AMOUNT: ACTUAL lease expense is $2,950.00 per month. Total lease amount due is $5,450.00 per month, $2,500.00 of which is covered by the existing subtenant.

LEASE TERMS: Lease commenced November, 2014 and expires May 31st 2019 with annual increases of $100.00 per month.

PURCHASE OPTION: Purchase Option for entire 4500 ft.² building, valued at $1.6 million, is $1.1 Million.

INCLUDED WITH SALE: True turnkey. Everything except inventory and store name (an ABN of the LLC licensed by the OLCC). Itemized list available to interested parties.

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.