Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, represented the seller in the $7.795 million disposition of Enlightened Dispensary in Schaumburg, Illinois. Matthews Associate Alexander Machado, Associate Vice President Daniel Gonzalez, Associate Vice President Robert Goldberg, and Executive Vice President Ben Snyder handled the transaction.

Located at 820 E Golf Road, the property features approximately 9,296 square feet on a .92-acre lot. 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 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.”

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!