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Walgreens 12854 S Ashland Ave 14,490 SF Retail Building Riverdale, IL 60827 $4,225,000 ($291.58/SF) 7.55% Cap Rate
Investment Highlights
- Absolute NNN lease.
- Walgreens is S&P Rated BBB- providing long-term security.
- Positioned near the exit of interstate 57 which has a traffic count of 102,000 VPD.
- Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
- Located in a dense market with a population of over 126,000 within a 3-mile radius.
- Neighboring retailers include Planet Fitness, Aldi, Advanced Auto, McDonalds and many more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
C
Year Built
2006
Price
$4,225,000
Price Per SF
$291.58
Cap Rate
7.55%
NOI
$318,780
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.42 AC
Parking
55 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
146’ on S Ashland Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,579 SF
- -
- Triple Net
- -
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,579 SF | - | Triple Net | - |
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-31-204-029-0000 | Improvements Assessment | $83,975 |
| Land Assessment | $28,758 | Total Assessment | $112,733 |
Property Taxes
Parcel Number
25-31-204-029-0000
Land Assessment
$28,758
Improvements Assessment
$83,975
Total Assessment
$112,733
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Walgreens | 12854 S Ashland Ave
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