Nirvana Dispensary Signs Lease For 4,450-SF Retail Space At 2725 Route 26 In Freeport
2725 Il-26
Building Size
4,450 SF
Asset Type
Retail
Closing
Jun 18, 2026
About this deal
AI
The lease transaction involved a retail space located at 2725 Route 26 in Freeport, Illinois, comprising 4,450 square feet. The property is under the ownership of Dreamspace Freeport, LLC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 2725 Route 26
- Market: Freeport, IL
- Landlord: Dreamspace Freeport, LLC
- Tenant: Nirvana Dispensary
- Broker: Michael Petrik - Lee & Associates
The cannabis operator, Nirvana Dispensary, entered into the lease for a second-generation restaurant space and represented itself in the transaction. Michael Petrik from Lee & Associates acted on behalf of the landlord, Dreamspace Freeport, LLC.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93