680 E Boughton Rd | Bolingbrook, IL 60440
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680 E Boughton Rd
Bolingbrook, IL 60440
7.75% CAP WALGREENS | ABS NET LEASE | +8 YRS · Retail Property For Sale
Investment Highlights
- 7.75% CAP absolute net leased Walgreens with zero landlord responsibilities - fully passive investment structure
- Higher yield asset, particularly compared to competing drug stores on the market
- Directly across the street from The Promenade Bolingbrook Mall. Proximate to additional retail properties anchored by Costco, Meijer, and IKEA
- Walgreens has over 8 years of primary lease term remaining on an original 25-year lease
- Exceptional underlying real estate on the hard corner of East Boughton and Feather Sound Drive, Bolingbrook’s primary retail node just west of I-355
- Desirable demographics with over 75,000 people and $114,000 average income within a 3-mile radius
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.85 AC
Parking
40 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
111’ on E Boughton Rd
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 12-02-01-111-041 | Improvements Assessment | $342,343 |
| Land Assessment | $192,636 | Total Assessment | $534,979 |
Property Taxes
Parcel Number
12-02-01-111-041
Land Assessment
$192,636
Improvements Assessment
$342,343
Total Assessment
$534,979
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