Bronx, NY, Bronx, NY 10458

Key location attributes include:

• One of the highest pedestrian traffic concentrations in the Bronx

• Dense cluster of national retailers, quick-service restaurants, and destination shopping

• Immediate access to multiple subway lines (B, D, and 4) and major bus routes

• Strong vehicular exposure along a major Bronx commercial artery

• A true destination retail district, drawing shoppers from across the Bronx and Upper Manhattan

Traffic Counts & Transit Exposure

While exact counts vary by block and time of day, this retail corridor consistently ranks among the most trafficked areas in the borough:

• Estimated pedestrian traffic:

• ~40,000 – 60,000+ pedestrians per day

• Estimated vehicular traffic:

• ~25,000 – 35,000+ vehicles per day

• Transit access:

• Multiple subway lines within short walking distance, providing direct connectivity to Manhattan

• Bus service:

• Numerous local and express bus routes operating throughout the day and evening

These dynamics create continuous exposure from morning through late evening, a key driver for strong cannabis retail performance.

Business Performance Highlights

• Operational for approximately 5 months, with continued upward momentum as the store matures

• Approximately $260,000 in net sales for December

• Currently trending at $3M+ in annualized sales

Real Estate & Lease Structure

• Freestanding building – approx. 6,000 SF total

  • ~2,600 SF ground floor (dispensary)

  • ~2,600 SF second floor (sub-leasable)

  • ~600 SF basement

• Lease term: 10 years with two (2) five-year extension options

• Subleasing rights included, offering income potential or operational flexibility

• Annual rent: ~$550,000

  • Monthly: ~$45,833

    Seller will subsidize rent at $12,000 per month for up to 12 months, or until a tenant is secured, whichever occurs first. This subsidy applies to the approximately 2,600 SF second-floor space, which is being marketed for sublease at this rate. If the space is subdivided, the buyer’s leasable area would consist of the first floor and basement, with a combined monthly rent of $35,833.

Pricing & Investment Metrics

• Asking Price: $1,999,999

• Pricing Multiple: Approximately 0.67× net sales

• Priced to sell based on current run-rate and projections, without underwriting future revenue growth or operational upside

• Provides entry at a basis below prevailing market multiples for comparable New York dispensaries

Closing

Operational dispensaries in best-in-borough retail locations rarely come to market, especially at below market pricing that does not rely on future growth assumptions. This offering combines the ability to step in to a cash generating business, irreplaceable real estate characteristics, and a valuation that will pencil for all serious buyers.

Meilad Rafiei – License# 01527304 – WeCann