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Walgreens 5555 W 79th St 14,833 SF Retail Building Burbank, IL 60459 $7,680,123 ($517.77/SF) 6.50% Cap Rate
Investment Highlights
- 11+ years remaining term
Executive Summary
11+ years remaining on initial lease term. Strong store. Rare opportunity to acquire a highly desirable Walgreens absolute net investment property located in the southwest Chicago suburb of Burbank. New building with modern design and a drive-thru pharmacy. Located on an incredible corner with amazing visibility and traffic, counting 50,000 + vehicles passing daily. The surrounding area is densely populated and less than three miles from Chicago's Midway International Airport.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,833 SF
Building Class
A
Year Built
2013
Price
$7,680,123
Price Per SF
$517.77
Cap Rate
6.50%
NOI
$499,208
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.26 AC
Zoning
Commerical
Parking
50 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2088
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2088 |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-33-100-027-0000 | Improvements Assessment | $194,392 |
| Land Assessment | $217,400 | Total Assessment | $411,792 |
Property Taxes
Parcel Number
19-33-100-027-0000
Land Assessment
$217,400
Improvements Assessment
$194,392
Total Assessment
$411,792
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Contact the Sale Advisor
Walgreens | 5555 W 79th St