3401 W Monte Vista Ave.

Turlock, Californie, États-Unis

Location! Location! Location! Don’t miss an incredible opportunity to acquire a freestanding retail asset in a prime location in the city of Turlock California.
Located in the primary node of Turlock and on one of the most desirable thoroughfares in the city, 3401 West Monte Vista offers superior visibility and access from Golden State Highway 99. With the Hwy being the main thoroughfare between Sacramento and Los Angeles, this provides the 3401 W Monte Vista with over 70,000 passing vehicles daily that can view its prominent location. The neighboring developments offer exceptional long standing successful business with some of the most notorious brands such as Costco, Starbucks, Chipotle, Lowes, Target, Dollar Tree, Petco and more.
This 5,817 Sq Ft facility was completely custom designed and renovated in 2022 for the use as a Cannabis Dispensary. With no expense spared on the build out, the property offers an eye-catching modern facade with elegantly appointed fixtures and interior design. Plush landscape, prominent signage, 30 surface level parking spots and a stop light regulated intersection leading to the business affords it great accessibility and appeal.
The tenant, Natural Healing Center (NHC), is owned by Glass House Farms, a publicly traded and vertically integrated company of premium cannabis dispensaries and cultivation sites across California. Glass House Farms has been a pioneer in the cannabis space since the beginning of legalization and has experienced consistent stock growth since their first public offering. In 2022 Glass House acquired NHC brands, a successful high-end cannabis purveyor, and began operating the retail Cannabis dispensaries of NHC. City of Turlock ordinance allows for only 4 of these highly sought after retail cannabis licenses, and the requirements for the facility and operators are stringent. This affords the tenant a unique opportunity to succeed in a market whose competition is heavily limited by local legislation.
The Cannabis market in California generated over $1 billion in taxable revenue in 2023 and has consistently seen consumer spending. With the Industry offering a variety of products and enticing new consumers daily to the retail space, the industry continues to see positive consumer spending and is here to stay.
In the heart of California's Central Valley, Turlock is the second largest city in Stanislaus County with a population which has grown steadily from 13,992 in 1970 to over 70,000 today. Cultural art experiences, sports activities, twenty-three parks, sixteen schools, a full range of medical facilities and the attractiveness of the nearby Mother Lode, San Francisco Bay area and the Sierra Nevada add to the pleasure of Turlock. Within 10 miles of the property is a population of over 268,000 providing over $2.6 billion in consumer spending annually on average. In the heart of California, the city is a major draw and poised for continued success.
Don't miss this opportunity to acquire this lucrative property with a fantastic CAP rate and improvements. With an exceptional tenant, modern upgrades and located in a highly visible and trafficked retail zone, this property is sure to be a great investment for years to come. Don’t miss your opportunity to invest and own now!