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2744 N California Ave
Chicago, IL 60647

$7,400,000 USD

Drugstore For Sale  •  12,515 SF

Property Details

• Property Type Drugstore
• Total Building Size 12,515 SF
• Lot Size 0.67 AC
• Building Class B
• Year Built 2009
• Cap Rate 7.50 %
• Tenancy Single

70 Transit Score

89 Walk Score

Highlights

PASSIVE SLEEP-AT-NIGHT OPPORTUNITY - The NNN lease structure requires zero landlord obligations, tenant pays for all taxes, insurance, and maintenance

STABLE INVESTMENT GRADE TENANT - Walgreens Boots Alliance is publicly traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated BBB- by S&P

FANTASTIC LOCATION - Located in the heart of Chicago, this site has been a staple in the community since 2009

STRATEGICALLY LOCATED RETAIL CORNER - Excellent visibility on a signalized intersection, including a drive-thru pharmacy and electric vehicle charging

OUTSTANDING DEMOGRAPHICS - Surrounded by dense urban infill, with more than 1,000,000 residents living within a 5-mile radius from the site

Illinois Broker of Record: Steven Weinstock - P: (630) 570-2200 - Steven.Weinstock@MarcusMillichap.com - Lic #: 471.011175

Property Flyers

Walgreens - Chicago IL (California Ave)

Cap Rate:

7.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Walgreens	15,120 SF	6/7/2034

Amenities

• Drive Thru
• Car Charging Station

Public Transportation

Commuter Rail	Drive	Walk	Distance
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	-	2.0 mi
Healy Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	-	2.1 mi
Transit/Subway	Drive	Walk	Distance
California Station (Blue Line - O'hare Branch) (Blue Line - Chicago Transit Authority "L" Trains (The "L"))	1 min	12 min	0.7 mi
Logan Square Station (Blue Line - Chicago Transit Authority "L" Trains (The "L"))	1 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Chicago Midway International	22 min	-	12.0 mi
Chicago O'Hare International	19 min	-	12.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	26
Type:	Surface
Included in Rent:	Yes