$795,000—Price includes state and municipal cannabis retail approvals + assignment of long term lease of $6,600/Month NNN

401 North Nokomis North East, Alexandria, MN 56308

Executive Summary

This premier location represents a rare, high-barrier-to-entry opportunity, with approval secured for one of just four cannabis dispensary licenses in Alexandria. Its appeal is further elevated by eligibility under Minnesota’s new microbusiness license structure, giving a single operator the ability to cultivate, manufacture, retail, and potentially allow on-site consumption—all within a single or multiple integrated location.

This 2,762 square-foot standalone building features ample parking (50+ spaces), and prominent pylon signage on a high-visibility parcel. Under the microbusiness structure, operators may grow up to 5,000 square feet of canopy indoors or a half-acre outdoors, create cannabis products (10,000 lbs of cannabis for processing), and directly sell cannabis, hemp-derived products, and seedlings to customers—all with the option of a designated on-site consumption area.

Nearby national tenants helping anchor the trade area include McDonalds, Subway, Dairy Queen, Caribou Coffee, Pizza Hut, Scooter's Coffee, Casey's, Verizon, Wells Fargo Bank, and USPS - reinforcing the City of Alexandria as a hidden retail destination with strong daily consumer traffic. With only a few licensed buildings, built-in retail synergies, and flexible infrastructure, this site is ideally suited for a boutique dispensary and a vertically integrated cannabis business with exceptional long-term growth potential.

Opportunity Details

• Exclusive Cannabis License: One of six dispensary licenses issued in Alexandria, offering built-in market protection and limited competition.

• Prime Retail Corridor: Nearby national tenants helping anchor the trade area include McDonalds, Subway, Dairy Queen, Caribou Coffee, Pizza Hut and many more!

• Microbusiness License Advantage: In addition to the dispensary location, this license allows full vertical integration, including 5,000 SF canopy for cultivation, 10,000 lbs of cannabis product processing annually.