Premier Downtown Gaslamp Retail Dispensary Location Near San Diego Airport! Submit Your Offer By February 20th (San Diego, California) #1940

An exceptional opportunity to secure a prime retail dispensary location in San Diego’s highly sought-after Gaslamp District, just minutes from the San Diego Airport and surrounded by constant tourist and local foot traffic. This 1,513 sq ft, two-story standalone building offers unmatched long-term stability with a 5-year lease and four (4) additional 5-year renewal options, providing up to 25 years of site control, a rare advantage in an urban California market. The property includes 5 on-site parking spaces, with a three-story Aladdin public parking garage directly across the street, significantly enhancing customer accessibility.

The seller estimates a full, complete buildout at approximately $350,000, offering buyers a clear path to budgeting and execution. The lease structure provides a major advantage during the entitlement phase: rent is just $2,500 per month for up to 150 days post-closing (or until the tenant takes possession for buildout), allowing ample time to work through permits and design. After the 150-day period, rent adjusts to $16,000 per month, regardless of buildout status, creating a strong incentive and a defined runway for development.

California remains the largest cannabis market in the world, and San Diego continues to stand out as one of the state’s most desirable and supply-constrained retail regions, driven by tourism, dense population, and limited storefront availability. A Gaslamp location with long-term lease control, favorable early rent terms, and proximity to the airport represents a compelling opportunity for operators, MSOs, or investors seeking a flagship Southern California retail presence. This offering is being marketed as a Call for Offers, with submissions due February 20.

Details:

Facility Space: 1,513 Sq Ft
Two-Story Building
Rent: $2,500/Month (For 150 Days Post Closing)
Lease Terms: 5 Years With 5 Year Renewal Options (Total of 25 Years Worth of Control)
Parking: 5 Designated Spaces (3 Story Aladdin Parking Garage Directly Across the Street)
Full Build-Out Costs: Approximately $350K
Premier Downtown Gaslamp Retail Dispensary Location
Near San Diego Airport!

License:

Retail Storefront– Facility where medical cannabis, medical cannabis products, or devices for the use of medical cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.


Asking Price: Call For Offers February 20th

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group®, Inc.