This Retail Property is Off-Market.

4001 W. Irving Park Road
Chicago, IL 60641 ·

12,495 SF · Retail For Sale




Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 12,495 SF Cap Rate 7.10%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Lot Size 24,873 SF
Listing ID: 15807733 Date Created: 07/17/2008 Last Updated: 06/09/2009


*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
Chicago, Illinois
Southwest Corner of Irving Park and Pulaski)


4001 W. Irving Park Road, Chicago, IL 60641 (Cook County)

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