Property Description

Listing #5060

Asking Price: $600,000

MOTIVATED SELLER – Priced Well Below Market
Unmatched Opportunity to Acquire a Turnkey Costa Mesa Dispensary at a Deep Discount

This is a rare chance to step into a turnkey cannabis retail business in one of Orange County’s most desirable and high-traffic locations, at a significant markdown from the already reduced $995,000. The dispensary is fully built out, with all tenant improvements complete, and both local and state licenses are approved.

Why the Steep Discount?
The business is being offered at nearly 40% off due to a non-asset-specific lawsuit that affects the ownership entity as part of a broader litigation. Importantly, this dispensary itself is not the subject of the dispute. The legal matter is close to being resolved or negotiated, and the seller’s legal counsel is available for serious buyers to discuss details and mitigation strategies.

There is approximately $281,875 in outstanding back rent and fees to be addressed upon execution of a binding LOI, all of which will be credited toward the purchase price — allowing the buyer to allocate funds efficiently while acquiring a fully licensed, prime retail storefront at a total cost still well below market value.

Key Highlights:

• Prime Location with 55 Freeway Frontage
  • Traffic Counts:
    • 55 Freeway: 142,000 vehicles/day
    • Newport Blvd: 28,000 vehicles/day
    • Fairview Rd: 32,000 vehicles/day
    • Ample Parking: 17 on-site spaces
• Modern, Fully Built-Out Space
  • Size: 3,500 SF
  • Freestanding building with strong retail presence
• Lease Details
  • Monthly Lease: $20,000 + NNN
  • Term: 2-year term effective upon Lease Assignment
  • Option: 1 Five-Year Option (4% annual increases during renewal term)
• Licenses in Hand
  • State and city approvals already issued — ready to open

This is an ideal play for an operator looking to acquire a fully licensed retail storefront in a supply-constrained city like Costa Mesa — at a price point rarely seen in this market.

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Meilad Rafiei – License# 01788589 – WeCann