501 Northtown Rd Normal, IL 61761

This exceptional investment opportunity presents a fee-simple ownership of a 4,880-square-foot retail property located at 501 Northtown Rd, Normal, IL 61761, McLean County. The property, built in 1975 and situated on a 0.51-acre lot, is currently 100% occupied by Beyond/Hello Dispensary (Jushi Holdings Inc.), a publicly traded multi-state cannabis operator. The single-tenant, net-leased property boasts a current annual net operating income (NOI) of $87,986, yielding an attractive 8.25% cap rate. The lease commenced April 1, 2016, and includes a 10-year renewal option exercised by the tenant, extending the lease to April 30, 2031, with a remaining term of approximately 6.4 years. Annual rent increases of 3% provide a hedge against inflation. This location holds a unique position as the sole medical cannabis dispensary in McLean County, with the nearest competitors over 35 and 60 miles away, respectively. The property offers a compelling investment prospect due to its strong tenant, high yield, and limited competition within its market. The asking price is $1,066,496. Property details include one building, one story, and a single unit. The APN is 14-16-100-038.