Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

922 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Walgreens | 11yrs Abs NNN | DriveThru 1723 Broadway St 14,820 SF Retail Building Quincy, IL 62301 $7,553,000 ($509.65/SF) 8.01% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

11 Years Remaining | Options To Extend | Drive-Thru Equipped Attractive Assumable Financing
Quincy University (1,300+ Students) | Retail Corridor | Signalized, Hard Corner Location | Blessing Hospital (347 Beds)

Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS Real Estate Partners–Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN-leased Walgreens investment property located in Quincy, Illinois. The tenant, Walgreens, has 11 years remaining on their current initial term with ten (5-year) options to extend, demonstrating their commitment to the site. The site features a drive-thru, enhancing tenant functionality and long-term retail viability. The property also features an attractive assumable financing, providing buyers the opportunity to take advantage of favorable loan terms and potentially below-market interest rates. The lease is an absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,820 SF

Building Class

Year Built

2012

Price

$7,553,000

Price Per SF

$509.65

Cap Rate

8.01%

NOI

$605,196

Tenancy

Single

Building Height

1 Story

Building FAR

0.20

Lot Size

1.66 AC

Zoning

RIC

Parking

58 Spaces (3.91 Spaces per 1,000 SF Leased)

Frontage

244’ on Broadway St

Corner Lot
Dedicated Turn Lane

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.