12627 S Rte 59, Plainfield, IL 60585
Newly built freestanding dispensary leased on a 10-year absolute NNN basis with corporate guarantee.
- Added:
- Jun 17, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 20 at 7:17 am
Property Features for 12627 S Rte 59
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 3.91 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agent Charles Patawaran, CCIM License #TX 763861
Listing office ReMax Commercial Real Estate Advisors
Listing date Jun 17, 2026
Source Crexi
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HighLights
- Newly built, freestanding cannabis dispensary totaling approx. 3,500 SF (built 2025).
- Leased to Aces Dispensary under a 10‑year absolute NNN lease with a corporate guarantee.
- Year 1 NOI of $330,000 with 4.00% annual rent escalations.
- Tenant is responsible for operating expenses, maintenance, taxes, and insurance under the absolute NNN structure.
- Located on approx. 3.91 acres along Route 59 with over 30,000 vehicles per day.
Overview
Located along highly trafficked Route 59, the site benefits from reported traffic of over 30,000 vehicles per day. The offering notes strong surrounding retail and residential growth, and positions the asset within Illinois’ limited-license cannabis market.
For investors, the lease structure is designed to shift day-to-day cost responsibility to the tenant while providing a long-term income profile. The rent includes 4.00% annual escalations, and the offering materials cite Year 1 NOI of $330,000. The dispensary is operated by a multi-location Illinois operator with four operating dispensary locations throughout the state, supporting continuity under the lease term.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Plainfield
- County
- Will
- State
- Illinois
- Longitude
- -88.202938
- Latitude
- 41.654722