loader
Join Free
Views: 64 DOM: 74 Updated: 11.02.24 Posted: 09.19.24 Status: Active

Summary

Price $4,280,000
Built/Renov 2006
Tenant Walgreens
Cap Rate 8.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 03-23-2006
#Units 13,532
Price/SF $288.80
Expiration 03-31-2031
Tenant Type Pharmacy
NOI $353,000
R. Term 6.4
Ownership Fee Simple
Rent/SF $23.82
Increases 0.0%/0/yrs
Pop 5Mi 69,809
Lot/AC 1.60
Options 10/5yrs
AHHI 5Mi $74,856

Lease Highlights

  • Walgreens has been operating in this location since 2006
  • The tenant has 6+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located just off the signalized, hard corner intersection of West Pershing Road and North Monroe Street, with access to a combined daily traffic count of 29,000 vehicles. The property is surrounded by prominent national retailers, including Kroger, ALDI, Toyota, Chevrolet, Ford, Nissan, PNC Bank, and more. Additionally, it is within proximity to some of the area's...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,467 45,173 69,254
2023 Total Population : 6,659 46,196 70,990
2023 Employed Civilian Pop : 2,461 18,085 29,591
2023 Total Businesses : 429 2,104 2,844
2023 Average Household Income : $ 55,920 $ 60,010 $ 66,510
2023 Total Consumer Spending : $ 156 M $ 1059 M $ 1815 M
2023 Median Age : 51 39 41
2023 Total Households : 3,177 20,106 31,189
2023 Pop Age 25+: Bachelor's Degree : 745 4,235 7,552
2023 Average Home Value : $ 101,588 $ 112,549 $ 127,582
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Pershing Rd Mahnke Rd 2017 18,300 0.14 mi
W McKinley Ave 2018 10,700 0.16 mi
IL 48; IL 121 2021 17,600 0.21 mi
IL 48; IL 121 Greenridge Dr 2021 17,700 0.27 mi
N Lynette Dr Berry Dr 2016 650 0.31 mi
Berry Dr Barnes Dr 2016 175 0.33 mi
W McKinley Ave N Graceland Ave 2015 3,250 0.38 mi
West McKinley Avenue N Graceland Ave 2018 3,350 0.38 mi
W Pershing Rd N Oakland Ave 2017 18,300 0.39 mi
N Macarthur Rd Berry Dr 2015 10,200 0.40 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity