1680 W Lane Rd | Machesney Park, IL 61115
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1680 W Lane Rd
Machesney Park, IL 61115
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Longer-Term – Over 11.5 years remaining with 50 total years of options to extend
- Absolute NNN – This lease offers zero landlord responsibilities ideal for an investor looking for an extremely passive and secure investment
- OSF Primary Care Medical Facility – Located directly across from Walgreens, this medical facility is part of the OSF HealthCare System
- Rockford, IL MSA – Approximately 8.5 miles northeast of downtown. Rockford is the state’s 3rd largest city with a metropolitan population of 350,000
- Strong Retail Corridor – Nearby national tenants include: Target, Home Depot, Office Depot, Chipotle, PetSmart, Panera, Panda Express, and many more
- Strong Investment Grade Credit Tenant – Rent is guaranteed by Walgreens Corporate, boasting an S&P credit rating of BBB+ & a ± $42 billion market cap
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.62 AC
Zoning
CG - General Commercial
Parking
69 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 08-21-101-021 | Improvements Assessment | $420,582 |
| Land Assessment | $158,578 | Total Assessment | $579,160 |
PROPERTY TAXES
Parcel Number
08-21-101-021
Land Assessment
$158,578
Improvements Assessment
$420,582
Total Assessment
$579,160
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