Listing ID : 966862
Listed On August 3, 2026 59
Listing Updated August 3, 2026
THE PROPERTY
5539 Miller Circle Drive, Matteson, Illinois 60443 (Cook County)
• ±42,776 rentable square feet — freestanding building on its own parcel
• Entire property, including building, improvements, and exclusive parking lot
• 100% occupied by a single tenant
THE TENANT
Lux Leaf Dispensary
LEASE TERMS (see attached)
• Structure: Triple Net (NNN) — tenant pays real estate taxes, building insurance, CAM, and utilities
• Primary term: 10 years
• Options: Two (2) five-year extension options — 20 years of total potential term
• Rent escalations: 2.5% annually, every year, including through both option periods (no reset to market, no FMV adjustment)
• Security deposit: One month’s base rent ($18,000)
• Tenant’s pro rata share: 100% — sole tenant and occupant
• Permitted use: Adult-use cannabis dispensary and ancillary retail, with an approved right to build a drive-through window
RENTAL INCOME
• Year 1 base rent: $216,000 annually / $18,000 per month
• Year 10 base rent: $269,754 annually / $22,480 per month
• Additional rent (tax and insurance reimbursement): approx. $5,433 per month / $65,200 annually paid to landlord
• Total contractual base rent over the 10-year primary term: approx. $2.42 million, growing to roughly $4.0 million+ if both options are exercised
Contact: Shya Mousavipour
(310) 386-3718
Broker on Record: Jason Green (lic. 421.021477)
Contact Listing Owner
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