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Walgreens Drug Store

92nd & Commercial, Chicago, IL 60617

N/A

15,120 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
15,120 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Street Retail
Retail (Other)
Anchor
Property Use Type:
Investment
Cap Rate:
7.25%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2001
Lot Size:
1.30 AC
Zoning Description:
COMMERCIAL
Listing ID
8003814
Last Updated
over 1 year ago

Highlights

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

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.

Map of 92nd & Commercial, Chicago, IL 60617

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