Rare opportunity to acquire both a high-volume cannabis retail dispensary and its upgraded, permitted light industrial real estate in a limited-license Orange County submarket. The ±5,081 SF building includes ±2,100 SF of active retail dispensary space with the remaining ±2,981 SF approved for additional licensed cannabis uses (distribution, delivery, or expansion). Recent lease conversion to NNN provides passive investor yield with strategic flexibility. Two Assets, One Investment: Fully licensed business + real estate NNN Lease: Stable income stream + future flexibility Limited License Zone: Only 4 dispensaries serving 893,000 residents Strong Revenue: $4.57M sales, $531K EBITDA projected for 2025 Scalable Back End: Built-in expansion for delivery or B2B ops