Retail    

ASCEND Wellness

 Chicago Ridge, IL

 

Price: $9,474,500 | Cap Rate: 8.65%

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Corporate Guaranty

TTM Revenues $217M

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Abs NNN Lease

Annual Rent Inc

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Full 2021 Reno

Significant Investment

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Chicago MSA

3rd Largest Metro

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Fastest-Growing Industry

131%+ Sales Growth

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Long Term Absolute NNN Lease with 11+ Years of Lease Term Remaining
  • Annual Rent Escalations Exceeding Retail Market Averages
  • Aggressively Growing Cash Flow and Return of Principal
  • Highly Trafficked Retail Corridor with Major Surrounding Retail (Outlot to Chicago Ridge Mall)
  • Excellent Demographics | High Density Corridor with Thousands of Rooftops
  • Incredible Cannabis Success In Limited Licensure State - Illinois | Distinct Locational Competitive Advantage

Exclusively Listed By

Christian Tremblay

Vice President
  ctremblay@northmarq.com      +1 201.919.6148
IL #475165868

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com      +1 773.963.2637
IL #471019332

BJ Feller

Sr. Vice President & Managing Director
  bfeller@northmarq.com   

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Blaise Bennett

Associate Vice President
  bbennett@northmarq.com   

Josh Dicker

Senior Associate
  jdicker@northmarq.com   

Ian Swindle

Analyst
  iswindle@northmarq.com   

In Association With

Brandon Duff

Senior Vice President & Managing Director

Northmarq

303 E Wacker Dr, Suite 1111
Chciago, IL 60601


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