12627 S Route 59 - Retail FOR SALE


Plainfield, IL 60585
$6,000,000 USD
832-899-4389
12627 S Route 59, Plainfield, IL for Sale
$6,000,000 USD
Retail - FOR SALE
1/6
null | 5.5% Cap Rate

12627 S Route 59
Plainfield, IL 60585


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 demand.
  • Positioned within the growing Plainfield market surrounded by dense residential and retail development.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$1,714 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

3.91 AC

LAND SF

170,320 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Charles PatawaranRemax Commercial Real Estate AdvisorsMore Info
832-899-4389

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Charles PatawaranRemax Commercial Real Estate AdvisorsMore Info
832-899-4389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.