Highlights

• Long-Term Lease: 75-year lease with a 25-year base term
• Excellent Location: Situated in Kendall county, the fastest growing county in the nation since 2000
• Strong Demographics: 100,453 people within a surrounding three-mile radius of the subject (42% growth in population since 2000)

• Secure Cash Flow: Walgreens is the largest drugstore chain in the nation and is rated A+ by Standard and Poor's
• Great Retail Trade Zone: Located within a new retail development featuring national retailers Menards, JC Penney, and Office Depot
• No Landlord Obligations Triple-Net Absolute

Description

We are pleased to offer for sale the Walgreens located at 1212 Ogden Avenue in Montgomery, Illinois. This fee simple asset offers investors stable long-term cash-flows, strong demographics, an excellent location in the nation's fastest growing county and the much desired triple-net absolute lease structure. Walgreens is the nation's largest drugstore chain and is rated A+ by Standard and Poor's.

Located on Ogden Avenue (U.S. Route 34), a major east-west thoroughfare in Chicago's western suburbs, the subject is ideally positioned at the signalized entrance to the retail component of the 234 acre Ogden Hill mixed-use development. Situated directly in-front of national retailers Menards, JC Penny, and Office Depot, the subject benefits from strong daily traffic counts (41,700) and outstanding demographics. The population within a three-mile radius (100,453) of the subject grew 43% from 1990-2000, and an additional 42% since then. Average household incomes within a one-mile radius are $88,607, and $80,591 within a three-mile radius.

Located in the heart of the Fox River Valley, the Village of Montgomery is a rapidly growing bedroom community of Chicago. The village is situated in Kendall County, the fastest growing county in the nation since 2000. The local economy is anchored by the Rush/Copley Medical Center (located one-mile east of the subject), which employs over 1,500 personnel and is recognized as one of the nation's "Top 100" hospitals and one of the "Ten Best" places to work in the state.