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    11425 Harlem Ave Worth, IL 60482

    Sponsored
    For Sale
    $2,789,294

    High-yield NNN lease, prime location.

    Property size:
    7,381 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 7,381 square foot Curaleaf cannabis dispensary in Worth, Illinois, situated within the Chicago MSA. Boasting a strong 8.50% cap rate and a substantial net operating income (NOI) of $237,090, this property offers a secure, long-term investment. The property is under a 10-year triple net (NNN) lease with Curaleaf, a leading national cannabis company, commencing March 8, 2021, and expiring March 7, 2031, with two 5-year renewal options. Rent increases by 10% every five years are built into the lease. The building, constructed in 1974 and extensively renovated in 2019, sits on a 0.66-acre lot at 11425 S Harlem Ave, 60482, benefiting from high daily traffic counts on Harlem Avenue (36,500 vehicles) and its proximity to Interstate 294 (over 133,000 vehicles daily). Its strategic location is further enhanced by its adjacency to Water's Edge Golf Course, proximity to Moraine Valley Community College, and its close proximity to the Chicago Ridge Mall and Chicago Midway International Airport. The sale price is $2,789,294, translating to $377.90 per square foot. The tenant is backed by a corporate guarantee, ensuring a secure investment with 100% occupancy. This presents a rare opportunity to acquire a high-performing asset in a rapidly growing market, capitalizing on the legal recreational cannabis industry in Illinois. The property's strong tenant, favorable lease terms, and prime location combine to create a compelling investment proposition.

    Property Features for 11425 Harlem Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,381 SF
    Lot Size
    28,750 SF

    Building Details

    Year Built/Renovated
    1974/2019

    HighLights

    • Triple‑net (NNN) lease with 10% rent increases every 5 years.
    • 2019 property renovation.
    • Illinois legalized recreational cannabis sales to adults 21+.
    • Curaleaf, the tenant, is a major national cannabis operator with extensive retail and wholesale operations.
    • Illinois is a significant cannabis market with robust sales.
    • Illinois' 2023 adult‑use cannabis tax revenue exceeded alcohol tax revenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Curaleaf Cannabis Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worth
    County
    Cook
    State
    Illinois
    Longitude
    -87.79711381
    Latitude
    41.68339349

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    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN lease, prime location.
    Where is this individual retail property located?
    The property is located at 11425 Harlem Ave Worth, IL.
    What is the asking price?
    The asking price for this property is $2,789,294.
    What are key features of this property?
    This property features: Triple-net (NNN) lease with 10% rent increases every 5 years.; 2019 property renovation.; Illinois legalized recreational cannabis sales to adults 21+.
    Request Owner's contact information
    11425 Harlem Ave Worth, IL 60482
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11425 Harlem Ave Worth, IL 60482
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