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Views: 45 DOM: 68 Updated: 05.31.24 Posted: 04.05.24 Status: Active

Summary

Price $3,670,000
Built/Renov 2005
Tenant Walgreens
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 12-26-2005
#Units 13,532
Price/SF $265.09
Expiration 12-31-2030
Tenant Type Pharmacy
NOI $275,000
R. Term 6.6
Ownership Fee Simple
Rent/SF $18.56
Increases 0.0%/0/yrs
Pop 5Mi 121,643
Lot/AC 2.31
Options 10/5yrs
AHHI 5Mi $62,354

Lease Highlights

  • Walgreens has been operating in this location since 2005
  • The tenant has 6+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Grant Street and W 25th Avenue, with access to a combined daily traffic count of 28,882 vehicles. The property is located directly adjacent to a point of entry along Interstate-94, a vital transportation link connecting Chicago with nearby states and metros such as Milwaukee, Detroit, and Minneapolis....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,716 52,027 120,293
2023 Total Population : 5,688 52,533 121,712
2023 Employed Civilian Pop : 1,702 17,976 50,097
2023 Total Businesses : 168 1,379 3,016
2023 Average Household Income : $ 48,248 $ 47,830 $ 62,369
2023 Total Consumer Spending : $ 101 M $ 921 M $ 2685 M
2023 Median Age : 43 39 38
2023 Total Households : 2,371 21,795 49,000
2023 Pop Age 25+: Bachelor's Degree : 548 3,128 9,502
2023 Average Home Value : $ 125,418 $ 135,852 $ 162,940
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Grant St W 25th Ave 2014 24,172 0.04 mi
Grant St 2021 2,634 0.20 mi
Grant St 2021 3,760 0.28 mi
Grant St 2021 2,661 0.30 mi
Grant St W 23rd Ave 2008 17,384 0.31 mi
24th Ln 2021 79,325 0.33 mi
Grant St 2021 6,240 0.34 mi
I-80 RAMP C GRANT AVE W 26th Pl 2021 5,104 0.35 mi
Grant St 2021 2,752 0.38 mi
80 Grant St 2020 4,774 0.39 mi

Listing Broker

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