This Retail Property is Off-Market.

4001 W. Irving Park Road
Chicago, IL 60641 ·

12,495 SF · Retail For Sale

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WALGREENS

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

Description

*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)

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

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