Property Description
Listing 4708
ASKING: $7,500,000
Note: This sale includes all 3 properties below.
- Highly Profitable Dispensary, Grow & Processor – Vertically Integrated Investment
This turn-key, highly profitable business is located in a prime area of Tulsa, OK with ample parking. This investment is a vertically integrated, thriving business with 3 active licenses. This 12,500 SF location dedicates most of 10,000 SF to cultivation, a small portion to manufacturing, and 2500 SF to retail. The lease rate is $7,500/month ($0.60/SF) and the real estate is available for sale. This business was established (2019) early in the Oklahoma Medical Marijuana landrace and boasts legacy licenses as well as a strong cult following. Not only do daily smokers know this brand, but competitors are willing to pay premium prices to carry this brand’s products.
Highlights
- Excellent Financials for several years running.
- Dialed in grow attached to dispensary
- Valuation based on approximately 3 times Free Cash Flow
- Prime Location in Central Tulsa, OK; less than 1 mile from two major highways.
- Strong Brand Recognition with a cult following.
- Processing license has barely been utilized (strong upside).
- Sale includes furniture, fixtures, and equipment.
- Landlord willing to sell real estate (inquire for price).
- Employees/Inventory included.
Note: This property is currently selling with 3 other properties. Click the below link to see all details.
2. Thriving Popular Dispensary in Broken Arrow, OK
This Dispensary was established in early 2022 but came out with strong numbers due to a recurring theme: Local brand recognition known for high-quality cannabis. This dispensary is located off a busy street and very close to the popular Rose district.
Oklahoma has a cannabis license moratorium, meaning no new cannabis licenses will be issued and many non-compliant licenses will be revoked. Due to the upcoming scarcity of licenses, Oklahoma may see a lot of the failing canna-businesses start to fall off from the market as well. This dispensary’s strong brand recognition coupled with solid financials will insure that when Oklahoma’s cannabis dust bowl settles, it will be thriving and surviving the green rush.
Highlights
- Near a main artery street
- Next to the popular Rose district
- Next to a complimentary business; a smoke shop.
- 1,650 Square feet
- RENT $3,000/Month NNN ($1.82/SF)
- Strong inception year with a large expected upside.
- Valuation based on approximately 3 times Free Cash Flow.
- Immediate brand recognition
- Brand’s Cultivation site nearby for easy access.
3. Profitable, Low Cost & Locally Known Dispensary in Muskogee, OK
Born on 4/20/22, this dispensary is blessed by the Canna-gods. Located on one of the busiest streets in Muskogee on a high-traffic, high-visibility intersection. Just like the other assets in this portfolio, there was no trouble hitting the ground running once people saw the store banner out front. The owner expects this location to grow significantly due to its strong start and immediate recognition of customer retention. This dispensary location doesn’t have much competition and overhead is very low: rent is $1700/month NNN. Take over this location and be Muskogee’s premier dispensary!
Highlights
- Brand recognition rocketed this business’s early success
- Located in a retail strip on one of the busiest streets
- Little competition
- High visibility and traffic count
- Low overhead cost
- Valuation based on approximately 3 times Free Cash Flow
- Rent $1700 NNN
- Approximately 2300+ Square feet
- Stock & storage room – potential for expansion
Ryan Dowse — WeCann – DRE#02074994
Jamie Wehmeyer – License# 156906
