Views: 2 DOM: 221 Updated: 11.28.23 Posted: 05.03.23 Status: Active


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...



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  • Tenant: Green Thumb Industries
  • Guarantor:Corp Traded
  • Company:Green Thumb Industries, Inc
  • # Units:80

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...



  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
*ESRI data is presented for informational purposes only


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

Listing Broker

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