1850 W Webster Ave
Chicago, IL 60614

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in the Village Dispensary located in Chicago (Lincoln Park), IL (“The Property”). This iconic location consists of a 9,037 square foot cannabis retail building on a 1.19-acre parcel of land located in the best zip codes in the city, 60614, with average household income exceeding $216,000 per year. The property was renovated in 2023 and is operating under a lease with limited landlord responsibilities with nearly 9 years left. Additionally, the lease features 2.0% annual rental increases and is guaranteed by Green Thumb Industries, Inc., a publicly traded entity. This property underwent a full gut renovation of ~$2.5 million and includes 44 parking spaces with future plans for a drive-thru. See Lease Abstract for full details.
The property is situated in Chicago, Illinois, the county seat of Cook County in northeast Illinois and undisputed economic powerhouse of central North America. Chicago has the third-largest gross metropolitan product in the United States at $679B, making it equivalent to the 21st-largest economy in the world. It is an international hub for finance, commerce, industry, technology, telecommunications and transportation which is why the city is widely considered one of the most important business centers in the world.