Historical Retail Sale Listing - WALGREENS

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WALGREENS

4001 W. Irving Park Road, Chicago, IL 60641

N/A

12,495 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
12,495 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.10%
Tenancy:
Single
Lot Size:
24,873 SF
Listing ID
15807733
Last Updated
over 1 year ago

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)

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

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Created 7/17/2008