Map of Property

501 Northtown Rd

For Sale

501 Northtown Rd, Normal, IL 61761

This Normal property for sale is located at 501 Northtown Rd. The current listed sale price for 501 Northtown Rd is $1,066,496. 501 Northtown Rd is situated on a lot that is 0.51 acre in size.

Contacts

broker

Ben Snyder

Matthews Real Estate Investment Services

broker

Rob Goldberg

Matthews Real Estate Investment Services

broker

Daniel Gonzalez

Matthews Real Estate Investment Services

broker

Alexander Machado

Matthews Real Estate Investment Services

Property Details

  • 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

Getting around

  • 5/100

    Walk Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact 501 Northtown Rd