Commercial-Other in Lemoore

Don't miss an Incredible opportunity to acquire a retail asset in a prime location in the Heart of the quaint downtown of Lemoore California!338 W D Street comprises of 10,720 Sqft of fully renovated storefront retail. With no expense spared on the build out, the property offers an eye-catching modern facade with elegantly appointed fixtures and interior design. Designed and renovated custom for the tenant as a retail Cannabis store front, the facility has been built to the highest standard. Not only was this property approved for use as a Cannabis Dispensary but additionally holds a permit to operate as an onsite consumption facility, one of the first facilities of its kind in the state leaving it poised for other business ventures and uses.Sitting on a tree lined street with a beautiful garden adjacent with murals, a fountain and sitting area this property is the heart of downtown Lemoore shopping district. The property is incredibly accessible, just one mile from Highway 198 and two miles from Highway 41. With on-site surface parking as well as city parking directly in front of the building and prominent signage, the facility offers easy access to its patrons.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 Lemoore ordinance allows for only 2 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 experienced 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 and the industry continue to see positive consumer spending and is here to stay.Lemoore is a scenic and quaint city in California's Central Valley, located in Kings County approximately 30 miles south of Fresno. The area has historically been known for NAS Lemoore a large Naval base nearby that employs and houses many military, dependents and civilian employees. Just 10 min away from 338 W D Street is Tachi Palace Casino and Resort with a gross revenue of $120 Million annually. Tachi Palace has become a destination getaway in the valley offering various concerts and events and drawing in consumer spending. In 2018 The Kelly Slater Wave pool was established seeing the world's top professional surfers compete frequently on the best man-made wave in the world. Poised to expand into a resort type venture that draws international interest have it positioned to impact the areas tourism greatly.With an exceptional tenant, modern improvement and located in the downtown 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!