Map of Property

501 Northtown Rd

501 Northtown Rd, Normal, IL 61761

  • For Sale $1,066,496
  • Property Type Retail
  • Property Size 4,880 SF
  • Lot Size 0.51 Acre
  • Additional Rent Contact for pricing
  • Date Updated Sep 10, 2024
  • HIGH-YIELDING INVESTMENT – The property is being offered at a Year-1 in-place cap rate of 8.25%
  • ATTRACTIVE RENTAL INCREASE – 3.00% Annual rental increases, providing investors with a hedge against inflation
  • LIMITED COMPETITION – Although this store sells recreational and medical cannabis, this location is the only dispensary serving medical cannabis in all of McLean County. The nearest dispensary to serve medical cannabis to the east is over 35 miles away, while the nearest dispensary to serve medical cannabis to the west is more than 60 miles away
  • TENANT EXERCISED FIRST OPTION – The tenant exercised their first 10-year option upon the expiration of the base term, demonstrating their proven success at this location
  • PROVEN OPERATOR – Beyond/Hello (Jushi Holdings Inc.) is a publicly traded multi-state cannabis operator with a significant number of dispensaries across seven states

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Ben Snyder Is this you?

Matthews Real Estate Investment Services

broker

Rob Goldberg Is this you?

Matthews Real Estate Investment Services

broker

Daniel Gonzalez Is this you?

Matthews Real Estate Investment Services

broker

Alexander Machado Is this you?

Matthews Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    5/100 Car-Dependent

  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Normal, IL
  • Neighborhood Normal
  • Zip Code 61761
  • Market Chicago

Points of Interest

  • Casey's General Store

    0.47 miles

  • Love's

    1.14 miles

  • Love's Travel Stop

    1.20 miles

  • Circle K

    1.44 miles

  • Qik-n-EZ

    1.52 miles

  • Sam's Club

    2.12 miles

  • BP

    2.61 miles

  • Tesla Supercharger

    2.67 miles

  • ChargePoint

    3.67 miles

  • College Avenue Parking Deck

    2.51 miles

  • North University Garage

    2.53 miles

  • Parkinson Parking Lot

    2.63 miles

  • Uptown Station Parking Deck

    2.68 miles

  • Parking Lot K

    3.59 miles

  • Parking Lot 15

    3.63 miles

  • Parking Lot 1

    3.65 miles

  • Parking Lot 2

    3.71 miles

  • Parking Lot 13

    3.72 miles

  • Parking Lot 3

    3.77 miles

  • Bojangles'

    1.17 miles

  • Bloomin Café

    1.23 miles

  • Wendy's

    1.34 miles

  • Arby's

    1.45 miles

  • Burger King

    1.48 miles

  • Denny's

    1.49 miles

  • Steak 'n Shake

    1.51 miles

  • China Star

    1.53 miles

  • McDonald's

    1.54 miles

  • Dunkin'

    1.55 miles

  • Schnucks

    1.16 miles

  • ALDI

    2.49 miles

  • Walmart Supercenter

    2.60 miles

  • Landmark Mall

    2.61 miles

  • Kroger

    2.63 miles

  • R K Grocery

    2.64 miles

  • Ross

    2.69 miles

  • Meijer

    2.82 miles

  • Target

    2.89 miles

  • Jewel-Osco

    2.90 miles

Frequently Asked Questions

How much does 501 Northtown Rd cost?

The space currently listed for sale at 501 Northtown Rd asks for $1,066,496.

What is the total square footage of 501 Northtown Rd?

501 Northtown Rd totals 4,880 square feet.

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Contact 501 Northtown Rd