Walgreens
| Status | Available |
|---|---|
| Price | $5,205,000 |
| Cap Rate | 6.75% |
| NOI | $351,250 |
| Lease Type | Absolute NNN |
| Lease Term | 13 Years |
| Lease Start | 9/1/2022 |
| Lease Expiration | 8/31/2035 |
| Building Size | 14,050 SF |
| Lot Size | .77 AC |
Overview
Located just 10 miles southwest of downtown Chicago, Walgreens is positioned on a hard corner at the signalized intersection of W 63rd Street and S Austin Avenue. Chicago Midway International Airport is a prominent traffic driver near the site (<3 miles) with approximately 172 domestic and 8 international departures daily.
Walgreens is diagonally across from 7-Eleven and is proximate to Fair Share, Little Learners Daycare, BMO Harris Bank, Hoyne Savings Bank, Family Dollar, Metro by T-Mobile, and Dunkin’. Walgreens is also surrounded by a dense concentration of residential with 8,371 households and 22,750 individuals within a 1-mile radius, placing a substantial built-in customer base within walking distance from the site.
The Chicago-Naperville-Elgin MSA (Population: 9.5M) is one of the most attractive and dynamic markets in the nation. Chicago boasts a thriving retail market, with the third largest economy in the nation. The market’s vibrant business climate, central geographic location, diversified economy and available human resources have helped Chicago achieve a prominent position as a world-class city in finance, international trade, manufacturing, transportation, culture and the arts.
