Listed by WeCannCa, Inc
$350,000
1 of 5 Retail Licenses – Highland Park, NJ – w/ State and Local Approval
Details
Property Type Retail, Business for Sale
Square Footage 750
Lease Term 8
Lease Options 5-year renewal options
Parking Spaces 75 spaces
Parking per 1,000 SqFt 100.00
Retail | 750 SqFt
Marketing description
Asking Price: $350,000
WeCann is pleased to present a municipally supported and state-approved cannabis retail opportunity in Highland Park, New Jersey. This offering provides an efficient pathway into one of New Jersey’s limited-license cannabis market while avoiding much of the time, cost, and uncertainty associated with pursuing new approvals and development.
The opportunity includes local municipal support, annual state approval, substantially completed construction, and exceptionally low occupancy costs. Located within an established retail corridor near Rutgers University and surrounding Middlesex County communities, the site benefits from strong commuter activity, dense residential populations, and regional accessibility.
Highland Park has capped cannabis retail licenses, with all available licenses already awarded, creating a meaningful barrier to entry for future operators.
Investment highlights
- Limited License Market — Highland Park retail licenses are fully awarded, creating scarcity and barriers to entry
- Municipal & State Approved — Includes local support and annual state approval
- Near Turn-Key Opportunity — Construction substantially completed with remaining work primarily consisting of millwork and security installation
- Existing Assets Included — Existing equipment and security infrastructure may be included
- Attractive Entry Basis — Asking Price: $350,000
- Low Occupancy Cost — Approximately $2,300/month rent with 3% annual increases
- Long-Term Lease Security — Initial 5-year lease plus three (3) additional 5-year renewal options
- Woman Business Enterprise Opportunity — Existing ownership structure may provide strategic value
Property Highlights
- ~750 SF efficient retail footprint designed to maximize operating efficiency while maintaining low occupancy costs
- Located within an approximately 15,956 SF building
- 75 on-site parking spaces
- Situated within an established retail and commuter corridor serving local and regional consumers
- Near Rutgers University and dense Middlesex County population centers
- Significant construction and infrastructure work already completed
Listing Contacts
Listed by WeCannCa, Inc
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Zoning
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