3220 W 111th St | Chicago, IL 60655
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- LoopNet Team
3220 W 111th St
Chicago, IL 60655
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Performing Location – Growing store sales (contact the listing agents for further details.) Walgreens previously operated at this location
- Strong Demographics – 5-mile population radius is over 594,881 people. 2-mile radius average household income exceeds $101,000.
- Zero Landlord Responsibilities – The lease is absolute NNN with no landlord responsibilities. The tenant is responsible for common area maintenance
- Long Term Lease – Walgreens has a lengthy 11 years left on the base term of the lease giving an investor over a decade of tenant stability
- Strong Lease Guarantee – Backed by Walgreens corporate which has over 8,000 stores across the United States and has a market cap of 8B (NASDAQ: WBA.)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
A
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.45 AC
Zoning
PD 1108 - Commercial
Parking
55 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $192,086 | |
| Land Assessment | $236,415 | Total Assessment | $428,501 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$236,415
Improvements Assessment
$192,086
Total Assessment
$428,501
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