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12627 S Route 59
Plainfield, IL 60585
Retail Property For Sale

Investment Highlights

  • 10-Year Absolute NNN Lease: Passive investment structure with tenant responsible for all operating expenses, maintenance, taxes, and insurance.
  • 4.00% Annual Rent Escalations: Built-in NOI growth providing a strong hedge against inflation over the lease term.
  • Located in a High-Barrier-to-Entry Cannabis Market: Illinois' limited-license structure supports long-term operator stability and continued demand.
  • Corporate Guaranteed Lease: Lease obligations backed by an established multi-location cannabis operator.
  • Experienced Multi-Location Tenant: Tenant currently operates four dispensary locations within Illinois.
  • Positioned within the growing Plainfield market surrounded by dense residential and retail development.

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Building Size
3,500 SF
Year Built
2025
Price
$8,398,380 CAD
Price Per SF
$2,399.54 CAD
Cap Rate
5.50%
NOI
$461,911 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
3.91 AC
Parking
45 Spaces (12.86 Spaces per 1,000 SF Leased)

Amenities

  • Monument Signage
  • Air Conditioning
  • Listing ID: 40946796

  • Date on Market: 2026-06-16

  • Last Updated:

  • Address: 12627 S Route 59, Plainfield, IL 60585

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