Matthews™ Closed $7.795M Sale of Enlightened Dispensary

CHICAGO — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, represented the seller in the $7,795,000 disposition of Enlightened Dispensary, located at 820 E Golf Rd, Schaumburg, IL. Matthews™ Associate Alexander Machado, Associate Vice President Daniel Gonzalez, Associate Vice President Robert Goldberg, and Executive Vice President Ben Snyder handled the transaction.

 

The property features a GLA of approximately 9,296 square feet on a .92-acre lot.

 

“The seller acquired the building vacant and was able to add a significant amount of value to the property by securing a new 15-year lease with a cannabis tenant,” Machado said. “This lease allowed the seller to cash flow the deal for over three years before selling the property for a substantially higher price than the original acquisition cost.”

 

Enlightened Dispensary, a corporate-backed multi-state cannabis operator, has 12 years left on the NNN lease term, coupled with two additional five-year options. The investment provides long-term, sustainable, passive income.

 

“The buyer capitalized on the opportunity to acquire a property with an absolute NNN lease in an affluent area at a high-yielding cap rate,” Gonzalez said. “Additionally, they benefited from favorable financing offered by the seller.”

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.