Property Description
Listing #5094
Asking Price: $50,000
This is a rare opportunity to take over a turnkey, previously licensed cannabis retail storefront in Salem, Oregon. While the state and city cannabis licenses are no longer active, the location operated as a dispensary for approximately eight years and remains fully built out for cannabis retail use. The offering includes the rights to the existing lease, which runs through March 2027 at approximately $6,500 per month, and the previous operators customer database for this location. A sub-tenant currently offsets a portion of the lease cost by paying $1,500 per month, and is due for an increase. The property is a freestanding 3,100 SF building with excellent street visibility, parking, and strong accessibility along a high-traffic road. The landlord is cooperative and supportive, and is happy to work with a new dispensary tenant. All interior improvements were designed specifically for cannabis retail, allowing a new operator to avoid the delays and costs of a new buildout. The location benefits from proximity to major retailers and sits in a well-established cannabis market with consistent customer activity.
Investment Highlights:
- Previously Licensed Dispensary – Operated for approx. 8 years; city and state licenses are currently inactive
- The new tenant would need transfer their own licenses to this location, or apply for new licenses.
- Facility Size – Approximately 3,100 SF, fully built out for cannabis retail
- Lease Terms – $6,500/month through March 2027
- Sub-Tenant Income – $1,500/month with a scheduled rent increase, helping offset lease cost
- Net Monthly Rent – $5,000/month
- Turnkey Buildout – Interior improvements specifically designed for licensed cannabis retail
- Database of Customers – Buyer will also receive the customer contact list maintained by the previous operator
- Freestanding Building – Standalone retail structure, ideal for branded presence and customer access
- High Visibility & Accessibility – Excellent parking and prominent street frontage on a high-traffic road
- Strategic Market – Located in Salem, a proven and stable cannabis retail market with consistent demand
- Retail Synergy – Surrounded by major, recognizable retailers that drive regular foot traffic
- Ideal for Relicensing – Streamlined pathway for operators seeking to re-enter the Salem market with speed and efficiency
- OLCC-Approved Layout – Floor plan and prior use approved by the OLCC, offering a head start on relicensing
- Approved Security System – Compliant security infrastructure already in place
Meilad Rafiei – License# 01788589 – WeCann
