Highlights

• 100% "A+" Irrepaceable Urban Infill Chicago Location
• 300,000 + Vehicles Per Day
• $71,896 Average Household Income Within 3 Miles

• Population: 613,784 - 3 Miles 1,302,238 - 5 Miles
• 75 Year Walgreen Corporate Backed Lease
• LEED Certified Construction (only 2 in entire WAG portfolio)

Description

Marcus and Millichap is pleased to present the rare opportunity to acquire a brand new (2009 construction) free standing Walgreens located in an urban infill Chicago location. The subject property is a 12,515 square foot store positioned directly off the distinctive John F. Kennedy Expressway (includes highway signage and accessibility) and is at the hard signalized corner of North California Avenue and West Diversey Avenue. The property is currently finishing construction and it is anticipated Walgreens will take occupancy on June 1st, 2009. Walgreens is operating under a new 75 year, absolute NNN lease, with zero landlord responsibilities. The local area has tremendous demographics seeing a population of 613,784 within a three mile radius and 1,302,238 within a five mile radius. This Walgreens located is also one of only two LEED certified stores in the entire Walgreens portfolio, giving it higher intrinsic value than other stores on the market.

The local area has tremendous demographics seeing a population of 613,784 within a three mile radius and 1,302,238 within a five mile radius. This Walgreens located is also one of only two LEED certified stores in the entire Walgreens portfolio, giving it higher intrinsic value than other stores on the market.

Additionally, Walgreens is the nation's largest drugstore chain, with fiscal sales of $59 Billion in 2008. The end of 2008 also marked the company's 34th consecutive year of record sales and earnings. Walgreens was named to Fortune magazine's Most Admired Companies in America for the 15th consecutive year, and is ranked 40th on the Fortune 500 list of the largest US Based Companies.