Property Description

Listing #5158

Asking Price: $595,000

A rare opportunity to acquire an Annual New Jersey Adult-Use Retail License already tied to a property in Atlantic City, just steps from the iconic Jersey Shore boardwalk. This pre-operational dispensary includes local municipal support, CRDA approval, and approved construction plans—offering a clear path for a qualified buyer to complete the buildout and bring operations online. Positioned in a highly visible 5,300 SF unit with frontage on Pacific Avenue, this location presents a strong foundation for a flagship retail presence in one of New Jersey’s most visited destinations.

Key Highlights:

• Annual State of NJ Retail License secured and tied to the site
• Local Resolution of Support and CRDA approval already received
• Approved construction plans in place (buyer to complete buildout)
• ±5,300 SF retail unit with boardwalk proximity
• High-visibility location with Pacific Ave frontage
• Base Rent: $10,500/month gross lease (3% annual escalations)
• 5-year Gross Sublease with 1 additional 5-year option
  • Lease Expires August 2028
• Asking Price: $595,000

Meilad Rafiei – License# 01788589 – WeCann