Receivership Sale – Licensed Closed Cannabis Dispensary

Investment Overview

Lee & Associates Fiduciary Advisory Services Group is pleased to present 66205 Paul Road, Desert Hot Springs. Constructed in 2019, the retail property is comprised of ±4,800 square feet situated on a ±61,855 square foot corner parcel. The property is currently built out as a retail cannabis dispensary with drive-thru. The CUP and city permit is in place. Utilities are on-site; along with a water well, water storage tank, and a back-up generator. The property enjoys easy access to I-10 via Palm Drive, and a high pylon sign is easily visible from the freeway. LOCATION & MARKET FUNDAMENTALS Desert Hot Springs was the first city in southern California to legalize cannabis. Recent completed development in DHS includes the 635,000 SF Amazon warehouse creating ±2,500 jobs. Lennar Skyborne Village 2 and Rancho Descanso are recently completed residential developments and almost sold out. Currently, Skyborne Village 3 is under construction with 286 homes. RECEIVERSHIP SALE The property is being offered through a court-appointed receivership process and will be sold as-is, where-is, subject to court approval and overbid procedures. The receivership structure provides a transparent sale process and clear title, while requiring buyers to perform thorough due diligence to be executed within court mandated timelines.

Investment Highlights

• Retail Cannabis Dispensary with CUP and Licenses in place
• Rare Drive-Thru window
• Easy I-10 Freeway Access
• 97,600 ADT I-10
• Newer Construction