520 Cooper AveAspen, CO 81611

For Sale
$1

High-Income Cannabis Portfolio in Colorado

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional portfolio offers a unique investment opportunity in the thriving Colorado cannabis market. The offering includes seven established dispensaries strategically located across prime locations in Aspen, Denver, and Louisville, along with a substantial cultivation facility in Basalt. The portfolio boasts a diverse range of dispensary sizes, from 1,336 square feet to 2,100 square feet, catering to various market segments. Each dispensary benefits from long-term leases, with terms ranging from 5 to 12 years, and many including option periods for lease extensions. The combined portfolio generated impressive gross income in 2023, exceeding $17 million, with strong first-quarter 2024 results exceeding $3.5 million. The cultivation facility, spanning 25,530 square feet, operates under licenses 403R-00274 and 403-01539, further enhancing the portfolio's value and potential. The individual dispensaries operate under various licenses, reflecting their specific product offerings and locations. Monthly rental payments for the dispensaries range from approximately $4,363 to $17,658, with annual increases built into many leases. This turnkey portfolio presents a rare opportunity to acquire a significant presence in the Colorado cannabis industry, offering immediate cash flow and substantial growth potential. Detailed financial information and supporting documentation are available upon execution of a non-disclosure agreement and verification of financial capacity. Call for offers.

Highlights

  • 25,530 SF cultivation facility; medical & adult-use cannabis; located at 24480 & 24530 CO-82, Basalt, CO 81621; Licenses 403R-00274, 403-01539; $82,881.53/month rent with a 3% annual increase; 20-year lease with two 5-year options; $5,140,331.92 gross income in 2023; $1,209,585.24 gross income Q1 2024.
  • 1,336 SF dispensary and 409 SF distribution; medical & adult-use cannabis; 520 E Cooper Ave, Aspen, CO 81611; Licenses 402R-00140, 402-00798; $17,658/month rent; 5-year lease with two 5-year options; $1,571,915.41 gross income in 2023; $503,866.20 gross income Q1 2024.
  • 1,480 SF adult-use dispensary; 2748 W Alameda Ave, Denver, CO 80219; License 402R-00137; $4,363.25/month rent; 10-year lease; $3,316,540.04 gross income in 2023; $688,803.79 gross income Q1 2024.
  • 1,794 SF dispensary; medical & adult-use cannabis; 2119 Larimer St, Denver, CO 80205; Licenses 402R-00253, 402-00174; $9,425/month rent; 10-year lease with two 5-year options; $2,169,640.50 gross income in 2023; $429,056.72 gross income Q1 2024.
  • 2,100 SF adult-use dispensary; 972 W Dillon Rd Ste B, Louisville, CO 80027; License 402R-00794; $7,650/month rent; 12-year lease; $2,042,304.22 gross income in 2023; $372,518.60 gross income Q1 2024.
  • 1,523 SF adult-use dispensary; 1063 Courtesy Rd, Louisville, CO 80027; License 402R-00816; $5,626.45/month rent; two 3-year options; $2,250,398.03 gross income in 2023; $460,481.61 gross income Q1 2024.

Location Insight

City
Aspen
County
Pitkin
State
Colorado
Latitude
39.1881598
Longitude
-106.8181477
520 Cooper Ave, Aspen, Colorado

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520 Cooper Ave
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