Business For Sale · Specialty

6301 Stickle Road, Vernon

6301 Stickle Road, Vernon, BC V1B3R4

$200,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

93%

Lot Size

1.24 ac

About this property

TURN-KEY CANNABIS RETAIL OPPORTUNITY – VERNON, BC Excellent opportunity to acquire Highlander Cannabis, a fully licensed non-medical cannabis retail store (LCRB Licence #450259) in Vernon’s North Okanagan market. This turn-key sale includes the licence, fixtures, equipment and lease. Approximately 800 sq. ft. of beautifully renovated retail space with an estimated $300,000 invested in the build-out. Features include custom secured display counters, lockable cannabis cabinets, POS system, safe, security cameras, alarm, security-barred tinted windows, steel staff door and security gate. Private office includes secure cannabis storage, sink and staff area. Two ductless heat/AC units, beverage fridge, furniture and décor are also included. Located on high-visibility Stickle Road with convenient parking and access. The store shares a commercial plaza with an established liquor store and neighbouring pub, providing complementary traffic and excellent exposure. Owner is selling due to a family matter unrelated to the business. An outstanding opportunity for an owner-operator or established cannabis retailer to acquire a professionally built, licensed location without the substantial cost and time of starting from scratch. (id:66811)

Financial sandbox

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Estimate
Purchase price$200K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$924

Projected NOI

$14K

Annual cash flow

$3K

Cash-on-cash

5.04%

DSCR

1.27

Going-in cap

7.05%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

121,256

Households

49,981

Median income

$90,000

Median age

44.6

Daytime population

180,837

5-yr growth

4.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 6301 Stickle Road, Vernon.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.