9820 S Ridgeland Ave - Freestanding FOR SALE


Chicago Ridge, IL 60415
$9,379,244 USD
201-919-6148
9820 S Ridgeland Ave, Chicago Ridge, IL for Sale
$9,379,244 USD
Freestanding - FOR SALE
1/1
null | 9% Cap Rate

9820 S Ridgeland Ave
Chicago Ridge, IL 60415


HIGHLIGHTS

  • Corporate Guaranty from Publicly Traded Company
  • New 15-Year Lease
  • Absolute NNN Lease
  • Aggressively Growing Cash Flow
  • Highly Trafficked Retail Corridor
  • New 2021 Property Renovation

OVERVIEW

Northmarq on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the 100% fee simple interest in the single-tenant retail property located at 9820 South Ridgeland Avenue, in Chicago Ridge, Illinois (the “Property”). An outparcel of Chicago Ridge Mall that underwent a full renovation in 2021, the Property is 100% occupied and guaranteed by ASCEND Wellness (OTCQX: AAWH), serving as one of ASCEND’s ten cannabis dispensaries in Illinois among 39 retail operations across seven states. Positioned within metro Chicago, this Offering represents an opportunity to invest in what has quickly become the fastest-growing industry in the U.S. in terms of job growth and among the fastest-growing in terms of sales – cannabis. See Lease Abstract for full details.

FOR SALE DETAILS

PRICE

$9,379,244 USD

PRICE/SF

$1,051 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ASCEND Wellness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

24-07-216-020-0000

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

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