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Drugstore For Sale • 12,495 SF
| PASSIVE SLEEP-AT-NIGHT OPPORTUNITY - The NNN lease structure requires zero landlord obligations, tenant pays for all taxes, insurance, and maintenance |
| INVESTMENT ADVANTAGES - A leasehold offers higher returns to an investor and tax advantages of 100% depreciation |
| 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 2006 |
| 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 |
| Cap Rate: | 9.25 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Walgreens | 12,495 SF | 10/13/2031 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Irving Park Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 0 min | 3 min | 0.2 mi |
| Grayland Station (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 3 min | - | 1.3 mi |
| Transit/Subway | Drive | Walk | Distance |
| Irving Park Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) | 3 min | 3 min | 0.2 mi |
| Addison Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) | 4 min | 14 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Chicago O'Hare International | 16 min | - | 10.2 mi |
| Chicago Midway International | 23 min | - | 12.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 20 |
| Type: | Surface |
| Included in Rent: | Yes |
Lior Regenstreif
NNN Investment Group of Marcus & Millichap
Lior Regenstreif
NNN Investment Group of Marcus & Millichap
