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Matthews REIS Facilitates $7.795M Sale Of Enlightened Dispensary In Schaumburg

Property Image
SOLD
$7,795,000
Daniel Gonzalez
Ben Snyder
+ 1

Illinois

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Retail9,296 SF
Sold 05/15/2024
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Property Image
SOLD

Matthews REIS Facilitates $7.795M Sale Of Enlightened Dispensary In Schaumburg

820 Golf Road

See Similar Deals
Retail9,296 SF
Sold 05/15/2024
Daniel Gonzalez
Ben Snyder
+ 1
Contact now

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$838
Total Square Footage:9,296 SF
Transaction Type:Sale

The Enlightened Dispensary in Schaumburg, Illinois, located at 820 East Golf Road, was sold for $7,795,000. This property, spanning 9,296 square feet on a .92-acre lot, is home to a corporate-backed multi-state cannabis operator with a 12-year NNN lease term, showcasing promising long-term investment potential for the buyer.

Summary of transation details:

Matthews Real Estate Investment Services played a crucial role in facilitating the $7.795 million sale of Enlightened Dispensary in Schaumburg. The transaction was managed by Matthews associates, ensuring a smooth process for all parties involved in the sale.

Players

Ben Snyder
11 deals$118.1M volume
BROKER

Rob Goldberg
Matthews
25 deals$107.3M volume(216) 470-1464
BROKER

Daniel Gonzalez
Matthews
17 deals$121M volume
BROKER

Alexander Machado
Matthews
7 deals$24.9M volume(305) 905-3215
BROKER

Details

SOLD
IMAGE: Alexander Machado, Ben Snyder & Daniel Gonzalez DATE: 05/15/2024 ADDRESS: 820 East Golf Road MARKET: Schaumburg ASSET TYPE: Retail ~ ACRES: 0.92 BROKERS: Alexander Machado, Ben Snyder (@BSnyder0), Daniel Gonzalez & Robert Goldberg - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $7,795,000 SF: 9,296 ~ PPSF: $839 NOTE: Matthews Real Estate Investment Services facilitated the $7.795 million sale of Enlightened Dispensary in Schaumburg, Illinois, with Matthews associates handling the transaction. Situated at 820 E Golf Road, the property boasts approximately 9,296 square feet on a .92-acre lot, featuring a corporate-backed multi-state cannabis operator with 12 years remaining on the NNN lease term, signaling long-term investment potential for the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$415,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,694.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,952.28
Annual Debt Service$443,427.32