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Outstanding Real Estate | Prime Illinois Asset | Near University of Illinois| High Cap Rates

1704 South Neil Street, Champaign, IL, USA
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Cannabis Real Estate Listings | Cannabis & Hemp Industry Investment Opportunities

Listing ID : 429245

Posted on July 19, 2022 View Count 60

Status :
Price :
$3,959,807
Cap Rate :
6.75%
Company Name :
Colliers
Phone :
8473842840

Colliers International is pleased to offer for sale the single tenant net leased cannabis facility operated by Sunnyside Dispensary, an arm of Cresco Labs located in Champaign, IL. This is a rare opportunity to acquire a Fee Simple long term leased asset by the largest owner/operator in the cannabis space. The opportunity is to acquire a site with excellent underlying real estate.

The opportunity is offered at a 6.75% cap rate which translates to $3,959,807 and has a term through February 28th, 2030.

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