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9820 S Ridgeland Ave
Chicago Ridge, IL 60415
ASCEND Wellness · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guaranty from Publicly Traded Company
- Absolute NNN Lease
- Highly Trafficked Retail Corridor
- New 15-Year Lease
- Aggressively Growing Cash Flow
- New 2021 Property Renovation
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Property Size
8,925 sq ft
Costar Property Class
B
Year Built/Renovated
1988/2021
Price
£6,985,755
Price per sq ft
£782.72
Yield
9%
NOI
£628,718
Tenancy
Single
Number of Floors
1
Plot ratio
0.22
Total Plot Size
0.95 ac
Parking
46 Spaces (5.15 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 24-07-216-020-0000 | Improvements Assessment | £106,102 |
| Land Assessment | £77,466 | Total Assessment | £183,568 |
PROPERTY TAXES
Parcel Number
24-07-216-020-0000
Land Assessment
£77,466
Improvements Assessment
£106,102
Total Assessment
£183,568
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