Highlights

• The Property is positioned at the intersection of two main roadways in Chicago's South Shore neighborhood - Stony Island Ave & 67th Street.
• The trade zone features limited potential for new developments.
• The newly constructed Walgreens facility will feature a drive-through upon completion.

• Walgreens lease is a "bond-type" lease.
• The asset is surrounded by dense single and multi-family housing.
• The subject property will not require a purchaser to implement extensive management program.

Description

Walgreens will consist of 14,090 square feet upon completion of construction in early 2006. The entire subject features excellent visibility from Stony Island Avenue and 67th Street. This neighborhood shopping center occupies a very prominent position along Stony Island Avenue. Assemblage of such prominent land parcels in the City of Chicago is difficult, enhancing the value of the subject property.

Walgreens is located in the prospering Stony Island Trade Zone. Prominent retailers in the trade zone include Walgreens, Jewel, Dominicks, Starbucks, Ace Hardware and Save-A-Lot. Staples has committed to opening a store in this trade zone. Starbucks, LaSalle National Bank and Bank One have recently opened freestanding facilities in the trade zone.