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12627 S Route 59 3,500 SF Retail Building Plainfield, IL 60585 $6,000,000 ($1,714.29/SF) 5.50% Cap Rate
Investment Highlights
- 10-Year Absolute NNN Lease: Passive investment structure with tenant responsible for all operating expenses, maintenance, taxes, and insurance.
- 4.00% Annual Rent Escalations: Built-in NOI growth providing a strong hedge against inflation over the lease term.
- Located in a High-Barrier-to-Entry Cannabis Market: Illinois' limited-license structure supports long-term operator stability and continued demand.
- Corporate Guaranteed Lease: Lease obligations backed by an established multi-location cannabis operator.
- Experienced Multi-Location Tenant: Tenant currently operates four dispensary locations within Illinois.
- Positioned within the growing Plainfield market surrounded by dense residential and retail development.
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
B
Year Built
2025
Price
$6,000,000
Price Per SF
$1,714.29
Cap Rate
5.50%
NOI
$330,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
3.91 AC
Parking
45 Spaces (12.86 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 7
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