This Retail Property is Off-Market.

92nd & Commercial
Chicago, IL 60617 ·

15,120 SF · Retail For Sale

N/A

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Walgreens Drug Store

Price N/A Occupancy 100%
Building Size 15,120 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type
Free Standing Bldg
More...
  • Street Retail
  • Retail (Other)
  • Anchor
Year Built 2001
Property Use Type Investment Lot Size 1.30 AC
Cap Rate 7.25% Zoning Description COMMERCIAL
Listing ID: 8003814 Date Created: 01/18/2001 Last Updated: 03/10/2007

Description

PRICED TO SELL !!! This Free Standning Walgreens was built in 2001 and features beautiful architectural facade with ornate tiling, prairie style lighting and heavy landscaping intended to enhance the community. Property is leased to Walgreens on NNN basis 75 years (20yr initial and 11 five year options). Rent $395,000 commenced on 9/16/2001. Existing conduit 10/30 financing needs to be assumed at an interest rate of 5.975%. See SUMMARY attachement for more information on financing and lease.

Property located in the souteast section of Chicago at NWC of 92nd & Commercial. Surrounded by 200,000 residents within a 3 mile radius tis area is experiencing redevelopment thanks to Chicago's new redevelopment initiative plan.

Highlights

  • GREAT RETURN FOR WALGREENS!!!!
  • 6.5% Cash on Cash
  • 7.25 % Cap Rate
  • "NNN" Walgreens
  • Ideal for 1031 Exchange

Research

92nd & Commercial, Chicago, IL 60617 (Cook County)

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