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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 Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,579 SF | - | Triple Net | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
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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