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34418153
34418152

284 First Street, Jersey City, NJ 07302 For Sale

CP
NJ 1433336
RIPCO Real Estate New York
Listed by RIPCO Real Estate New York
Unpriced
2 days on market
Updated 2 days ago

Cream Dispensary

Details
Property Type Retail, Business for Sale
Sub Type Business and Building, Cannabis
Square Footage 2,919
NOI $236,337
Tenancy Single
Brand/Tenant Cream Dispensary
Lease Term 10
Lease Expiration 12/30/2033
Rent Bumps Yes
Lease Options One 5-year renewal option
Year Built 2024
Lease Commencement 12/31/2022

284 First Street, Jersey City, NJ 07302

Marketing description

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the business sale of a ground retail space at 284 FIRST STREET — Cream Dispensary, a fully built-out retail opportunity located in the heart of Downtown Jersey City.

Positioned along one of Jersey City's premier retail corridors, Cream Dispensary is a turnkey operation surrounded by luxury residential developments, office buildings, and a strong local customer base. The sale includes the existing business, furniture, fixtures, equipment, and operational infrastructure, enabling a seamless transition to new ownership.

This opportunity allows a qualified operator, multi-state operator, strategic buyer, private investor, or family office to establish or expand its presence in New Jersey's cannabis retail market through an existing operating platform. Any transaction is subject to approval by the New Jersey Cannabis Regulatory Commission, municipal approval from the City of Jersey City, landlord consent where applicable, and customary transaction and closing conditions.

The lease has approximately seven years remaining, with one additional five-year renewal options, providing continuity of location.

BUSINESS FOR SALE ONLY AND IS OPERATING. PLEASE DO NOT DISRUPT CURRENT OPERATIONS.

Investment highlights

  • $2,791,248 Gross Sales
  • Transferable lease structure
  • Purpose-built retail footprint
  • Clean vendor position
  • Successful business operating - Please DO NOT DISTURB

Listing Contacts

CP
NJ 1433336
RIPCO Real Estate New York
Listed by RIPCO Real Estate New York

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Loan Amount
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$236,337.00
$19,694.75/mo

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