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Green Thumb Industries
1850 West Webster Avenue, Chicago, IL 60614
$10,500,000
Cap Rate 5.45%
Summary
| Price $10,500,000 | Built/Renov 1997/2022 | Tenant Green Thumb Industries |
| Cap Rate 5.45% | Lease Type
Double NN | Guarantor Corp Traded |
| Size/SF
9,017
| Lease Start
07-01-2023
| #Units
80
|
| Price/SF $1,164.47 | Expiration
06-30-2033
| Tenant Type Medical/Health |
| NOI $572,000 | R. Term 9.6 | Ownership Fee Simple |
| Rent/SF
$63.44
| Increases 2.0%/1/yrs | Pop 5Mi 206,802 |
| Lot/AC 1.19 | Options 2/5yrs/2% | AHHI 5Mi $120,000 |
| | |
Lease Highlights
- New 2022 renovation
- Green Thumb Industries will be signing a brand new 10 year lease with 2 (5-year) options in July 2023
- Lease features 2% annual increase throughout the initial term and option periods
- Double NN lease with landlord responsible for foundation, structural steel, exterior load bearing walls, structural columns and underground utility lines
- Corporate guarantee by Green Thumb Industries, INC (OTCMKTS: GTBIF)
Location Description
This property is located at the intersection of Webster/Damen and the iconic Kennedy Expressway (I-94) and will be visible to over 200 million vehicles per year. The immediate proximity to the Kennedy and visibility makes this property one of the highest profiles in Chicago and will further benefit from recent approval for a 35 foot highway signage. Visibility is further supported by the...
...Features
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Recent renovation
-
Freeway visibility
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Dense 200M+ pop 5 mi
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Top 100 MSA
-
Affluent AHHI $100K 5 Mi
-
Brand new lease
-
Long 10+ yr lease
-
Annual rent increases
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Corporate Guarantee
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Publicly traded company
...
Maps
Tenant
- Tenant: Green Thumb Industries
- Guarantor:Corp Traded
- Company:Green Thumb Industries, Inc
- # Units:80
- Stock:OTCMKTS: GTBIF
About Tenant
Green Thumb Industries, Inc. (“Green Thumb”) is a publicly-traded Canadian corporation (OTCMKTS: GTBIF) that packages and sells cannabis consumer packaged goods. GTI is one of the world's...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 57,026 | 587,087 | 1,229,829 |
| 2023 Total Population : | 56,560 | 579,735 | 1,220,213 |
| 2023 Employed Civilian Pop : | 38,819 | 390,691 | 737,788 |
| 2023 Total Businesses : | 2,326 | 21,165 | 54,815 |
| 2023 Average Household Income : | $ 208,459 | $ 157,091 | $ 136,445 |
| 2023 Total Consumer Spending : | $ 4519 M | $ 38935 M | $ 67479 M |
| 2023 Median Age : | 34 | 34 | 35 |
| 2023 Total Households : | 25,581 | 289,803 | 575,858 |
| 2023 Pop Age 25+: Bachelor's Degree : | 18,783 | 181,141 | 303,984 |
| 2023 Average Home Value : | $ 715,662 | $ 607,261 | $ 529,061 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Webster Ave | I- 90 | 2014 | 10,600 | 0.04 mi |
| W Webster Ave | I- 90 | 2002 | 7,300 | 0.06 mi |
| I- 90 | W Webster Ave | 2014 | 275,100 | 0.07 mi |
| I- 90 | N Damen Ave | 2018 | 9,000 | 0.09 mi |
| I- 90 | W Webster Ave | 2018 | 286,200 | 0.09 mi |
| North Elston Avenue | N Elston Ave | 2018 | 13,600 | 0.10 mi |
| Kennedy Expressway | N Damen Ave | 2019 | 247,800 | 0.12 mi |
| N Damen Ave | W Webster Ave | 2018 | 7,650 | 0.12 mi |
| N Damen Ave | I- 90 | 2010 | 12,800 | 0.13 mi |
| West Webster Avenue | N Damen Ave | 2018 | 4,100 | 0.13 mi |
