ASCEND Wellness
Corporate Guaranty from Publicly Traded Parent Company | 11.5-Year Abs NNN Lease | Near Major Retail
Marketing description
Northmarq on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the 100% fee simple interest in the single-tenant retail property located at 9820 South Ridgeland Avenue, in Chicago Ridge, Illinois (the “Property”). An outparcel of Chicago Ridge Mall that underwent a full renovation in 2021, the Property is 100% occupied and guaranteed by ASCEND Wellness (OTCQX: AAWH), serving as one of ASCEND’s ten cannabis dispensaries in Illinois among 39 retail operations across seven states. Positioned within metro Chicago, this Offering represents an opportunity to invest in what has quickly become the fastest-growing industry in the U.S. in terms of job growth and among the fastest-growing in terms of sales – cannabis. See Lease Abstract for full details.
Investment highlights
Corporate Guaranty from Publicly Traded Company
New 15-Year Lease
Absolute NNN Lease
Aggressively Growing Cash Flow
Highly Trafficked Retail Corridor
New 2021 Property Renovation
Excellent Demographics
Fastest-Growing U.S. Industry
Incredible Cannabis Success in State Of Illinois
Distinct Locational Competitive Advantage
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