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3220 W 111th St
Chicago, IL 60655

$7,461,000 USD

Drugstore For Sale  •  13,650 SF

Property Details

• Property Type Drugstore
• Total Building Size 13,650 SF
• Building Class A
• Year Built 2010
• Cap Rate 6.50 %
• Tenancy Single
• Zoning PD 1108

40 Transit Score

65 Walk Score

Highlights

Strong Performing Location – Growing store sales (contact the listing agents for further details.) Walgreens previously operated at this location

Long Term Lease – Walgreens has a lengthy 11 years left on the base term of the lease giving an investor over a decade of tenant stability

Strong Demographics – 5-mile population radius is over 594,881 people. 2-mile radius average household income exceeds $101,000.

Strong Lease Guarantee – Backed by Walgreens corporate which has over 8,000 stores across the United States and has a market cap of 8B (NASDAQ: WBA.)

Zero Landlord Responsibilities – The lease is absolute NNN with no landlord responsibilities. The tenant is responsible for common area maintenance

Property Flyers

OM - Walgreens - Chicago, IL

Cap Rate:

6.50 %

Amenities

• Signage
• Signalized Intersection
• Drive Thru

Public Transportation

Commuter Rail	Drive	Walk	Distance
111Th Street Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	-	1.7 mi
Morgan Park - 115Th Street Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	-	2.2 mi
Airport	Drive	Walk	Distance
Chicago Midway International	17 min	-	9.7 mi
Chicago O'Hare International	48 min	-	33.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	55
Type:	Surface
Included in Rent:	Yes