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Walgreens 7200 Roosevelt Rd 12,209 SF Retail Building Forest Park, IL 60130 $5,027,262 ($411.77/SF) 6.50% Cap Rate
Investment Highlights
- Recently Executed 15-Year NNN Lease with 5% Increases Every 5 Years | Newly signed in 2023, the lease has just under 13 years remaining
- Essential Retail Tenant in a Defensive Asset Class | Pharmacy retail remains a resilient category with consistent in-store demand
- Absolute NNN Lease – No Landlord Responsibilities | The lease is structured as an absolute triple-net (NNN)
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Walgreens located at 7200 Roosevelt Road, Forest Park, Illinois 60130. The site consists of roughly 12209 rentable square feet of building space on an estimated 0.89-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/23/2023. The current annual rent is $326,772 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,209 SF
Building Class
C
Year Built
1995
Price
$5,027,262
Price Per SF
$411.77
Cap Rate
6.50%
NOI
$326,772
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.89 AC
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Car Charging Station
Walk Score®
Very Walkable (88)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $135,386 | |
| Land Assessment | $132,158 | Total Assessment | $267,544 |
Property Taxes
Parcel Numbers
Land Assessment
$132,158
Improvements Assessment
$135,386
Total Assessment
$267,544
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Walgreens | 7200 Roosevelt Rd
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