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4001 W. Irving Park Road, Chicago, IL 60641
12,495 SF | Retail
Retail Property - Off Market
- Building Size:
- 12,495 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Cap Rate:
- Lot Size:
- 24,873 SF
- Listing ID
- Last Updated
- over 1 year ago
*Exceptional Walgreens Leasehold Opportunity Built in 2006.
*Located at the Intersection of Irving Park and Pulaski, two of the Old Irving Corridor's Major Arterial Roads, on Chicago's Northside.
*Less than a Quarter Mile from the Metra Train Station, CTA Blue Line Station, and numerous Bus stops.
Deal Type: Triple Net Leasehold Walgreens Investment
Price: $3,030,000 (7.1% Cap on $215,000/yr)
Rent Information: Walgreens $465,000 annual rent includes ground lease payments. The rent attributable to the building is $215,000/ per year. Rental increases occur every 10 years. Also applicable is a standard Walgreens percentage rent clause.
Lease Information: The lease is for 75 years subject to Walgreens right to cancel at 5 year intervals after the first 25 year period.
4001 W. Irving Park Road
Southwest Corner of Irving Park and Pulaski)
Map of 4001 W. Irving Park Road, Chicago, IL 60641 (Cook County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P