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501 W Northtown Rd
Normal, IL 61761
Retail Property For Sale
Investment Highlights
- HIGH-YIELDING INVESTMENT – The property is being offered at a Year-1 in-place cap rate of 9.25%
- Although this store sells recreational and medical cannabis, this location is the only dispensary serving medical cannabis in all of McLean County
- Beyond/Hello (Jushi Holdings Inc.) is a publicly traded multi-state cannabis operator with a significant number of dispensaries across seven states
- ATTRACTIVE RENTAL INCREASE – 3.00% Annual rental increases, providing investors with a hedge against inflation
- The tenant exercised their first 10-year option upon the expiration of the base term, demonstrating their proven success at this location
Property Facts
Property Type
Retail
Building Size
4,875 SF
Building Class
C
Year Built
1975
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.76 AC
Zoning
B-1 - Commercial Business
Parking
30 Spaces (6.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 14-16-100-038 | Improvements Assessment | $104,941 |
| Land Assessment | $18,050 | Total Assessment | $122,991 |
Property Taxes
Parcel Number
14-16-100-038
Land Assessment
$18,050
Improvements Assessment
$104,941
Total Assessment
$122,991
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