Updated about 3 years ago on . Most recent reply
Cannibas Dispensary Lease rates
I have a retail property that has a vacant space listed for lease. We were approached by a Cannibas dispensary company that wants to lease it out. According to the village ordnance, our building is one of the only if not the only one that is able to have a dispensary. This company wrote us an LOI at the asking price we had listed. Of course that price was for a "Normal" business. My question is what is the going rate for a dispensary? The current asking price is $15NNN, should we be asking for a premium on top of that? Besides the obvious, Is there any other possible down sides that I am not thinking of with having a dispensary. thank you in advanced