This Retail Property is no longer advertised on LoopNet.com.

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
153’ on West Northtown Road

Amenities

  • Signage

Property Taxes

Property Taxes

Parcel Number
14-16-100-038
Land Assessment
$18,050
Improvements Assessment
$104,941
Total Assessment
$122,991
  • Listing ID: 33013473

  • Date on Market: 8/30/2024

  • Last Updated:

  • Address: 501 W Northtown Rd, Normal, IL 61761

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