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33691134
33691137

12627 S Rte 59, Plainfield, IL 60585

CP
TX TX 763861
ReMax Commercial Real Estate Advisors
Listed by ReMax Commercial Real Estate Advisors
$6,000,000
1 day on market
Updated 1 day ago

Institutional-Quality Dispensary Sale-Leaseback

Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront (+1)
Square Footage 3,500
Net Rentable (SqFt) 3,500
Cap Rate 5.5%
NOI $330,000
Occupancy 100%
Tenancy Single
Brand/Tenant Aces Dispensary
Lease Type Absolute NNN
Lease Term 10
Remaining Term 10
Rent Bumps Yes
Class A
Year Built 2025
Acreage 3.910
Parking Spaces 45 spaces
Parking Per SqFt 12.86
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback

Institutional-Quality Sale-Leaseback Opportunity | 10-YR Absolute NNN

Marketing description

Rare opportunity to acquire a newly constructed, institutional-quality cannabis dispensary leased to Aces Dispensary, a growing multi-location Illinois operator, through a 10-year Absolute NNN lease with a corporate guarantee. The property consists of a ±3,500 SF freestanding building situated on ±3.91 acres along highly trafficked Route 59, benefiting from over 30,000 vehicles per day and strong surrounding retail and residential growth. The investment features a Year 1 NOI of $330,000 with 4.00% annual rent escalations, providing investors with predictable income growth and a hedge against inflation. Under the Absolute NNN structure, the tenant is responsible for all operating expenses, maintenance, taxes, and insurance, creating a truly passive ownership opportunity. Located within Illinois' limited-license cannabis market and one of the fastest-growing suburbs in the southwest Chicago MSA, the property benefits from high barriers to entry, affluent demographics, and continued population expansion. This offering presents investors with secure, long-term cash flow backed by an experienced cannabis operator with four operating dispensary locations throughout Illinois.

Investment highlights

  • 10-Year Absolute NNN Lease: Passive investment structure with tenant responsible for all operating expenses, maintenance, taxes, and insurance.
  • Corporate Guaranteed Lease: Lease obligations backed by an established multi-location cannabis operator.
  • 4.00% Annual Rent Escalations: Built-in NOI growth providing a strong hedge against inflation over the lease term.
  • Experienced Multi-Location Tenant: Tenant currently operates four dispensary locations within Illinois.
  • Located in a High-Barrier-to-Entry Cannabis Market: Illinois' limited-license structure supports long-term operator stability and continued market demand.
  • Positioned within the growing Plainfield market surrounded by dense residential and retail development.

Listing Contacts

CP
TX TX 763861
ReMax Commercial Real Estate Advisors
Listed by ReMax Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$330,000.00
$27,500.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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