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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
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
Building Size
14,820 SF
Building Class
C
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
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-5-1679-000-00 | Improvements Assessment | $0 |
| Land Assessment | $144,440 | Total Assessment | $144,440 |
Property Taxes
Parcel Number
23-5-1679-000-00
Land Assessment
$144,440
Improvements Assessment
$0
Total Assessment
$144,440
Contacts
-
Jake Prater -
Matthew Mousavi -
Patrick Luther -
Dan Elliot -
SRS National Net Lease
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Walgreens | 11yrs Abs NNN | DriveThru | 1723 Broadway St
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