Miscellaneous
Windy City Cannabis
518 W Jackson St, Macomb, IL 61455
Listing Price: $1,060,900
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in 518 West Jackson Street (the Property), a 5,077-square-foot cannabis dispensary in Macomb, IL, in which the tenant has over seven years remaining on an absolute NNN lease. The tenant is operating under the trade name of Windy City Cannabis, which has five other operating locations throughout Illinois. The original 10-year lease features 3 percent annual increases throughout the firm term and four 5-year renewal options to offset inflation.
The Property is located on Macomb’s main retail corridor along U.S. Route 136, with nearby tenants including Subway, Little Caesars Pizza, Taco Bell, McDonald’s, Car-X Tire & Auto, United Community Bank, and numerous others. Additionally, the Property is only three blocks south of the Western Illinois University campus, which had nearly 8,000 students enrolled as of fall 2023.
Windy City Cannabis
Investment Highlights
- Absolute NNN Lease — Annual Increases and Four 5-Year Renewal Options
- Close Proximity to Western Illinois University — Daytime Population of Over 25,000 Within Three-Mile Radius
- Nearby Retail Includes Taco Bell, McDonald's, Subway, Car-X Tire & Auto, Dunkin', Wendy's, Walgreens, and More
- On U.S. Route 136 and Within a Half Mile of U.S. Route 67
- Only Cannabis Dispensary Within 40 Miles
Exclusively Listed By
Listing Price: $1,060,900
Investment Highlights
- Absolute NNN Lease — Annual Increases and Four 5-Year Renewal Options
- Close Proximity to Western Illinois University — Daytime Population of Over 25,000 Within Three-Mile Radius
- Nearby Retail Includes Taco Bell, McDonald's, Subway, Car-X Tire & Auto, Dunkin', Wendy's, Walgreens, and More
- On U.S. Route 136 and Within a Half Mile of U.S. Route 67
- Only Cannabis Dispensary Within 40 Miles
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in 518 West Jackson Street (the Property), a 5,077-square-foot cannabis dispensary in Macomb, IL, in which the tenant has over seven years remaining on an absolute NNN lease. The tenant is operating under the trade name of Windy City Cannabis, which has five other operating locations throughout Illinois. The original 10-year lease features 3 percent annual increases throughout the firm term and four 5-year renewal options to offset inflation. The Property is located on Macomb’s main retail corridor along U.S. Route 136, with nearby tenants including Subway, Little Caesars Pizza, Taco Bell, McDonald’s, Car-X Tire & Auto, United Community Bank, and numerous others. Additionally, the Property is only three blocks south of the Western Illinois University campus, which had nearly 8,000 students enrolled as of fall 2023.
Exclusively Listed By
