Retail    

ASCEND Wellness

 Northlake, IL

 

Price: $3,862,500 | Cap Rate: 8.00%

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Abs NNN Lease

Annual Rent Inc

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Full 2023 Reno

$1.5M+ Investment

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Corporate Guaranty

$217M Market Cap

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Highly Trafficked

266K+ VPD

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Chicago MSA

3rd Largest Metro

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • LONG-TERM, ABSOLUTE NNN LEASE W/ ANNUAL RENT INCREASES
  • CORPORATE GUARANTY FROM PUBLICLY TRADED MULTI-STATE OPERATOR
  • FULL 2023 PROPERTY RENOVATION W/ SIGNIFICANT TENANT INVESTMENT
  • HIGHLY TRAFFICKED RETAIL CORRIDOR W/ EXCELLENT VISIBILITY
  • EXCELLENT LOCAL AND REGIONAL ACCESS IN STRONG INDUSTRIAL MARKET
  • NEAR CHICAGO O’HARE INTERNATIONAL AIRPORT & PUBLIC TRANSPORTATION
  • CHICAGO MSA ACQUISITION OPPORTUNITY W/ STRONG DEMOGRAPHICS
  • EXPANDING CANNABIS MARKET IN LIMITED-LICENSE STATE

Exclusively Listed By

Christian Tremblay

Vice President
  ctremblay@northmarq.com      +1 201.919.6148
IL Broker #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      +1 314.301.1811

Josh Dicker

Senior Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Ian Swindle

Analyst
  iswindle@northmarq.com   

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