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Drug Store

Walgreens

2955 18th Ave, Rock Island, IL 61201

Listing Price: $5,268,000

Cap Rate
5.00%
Tenant Name
Bond Drug Company of Illinois
Years Remaining On Lease
35.8
Guarantor
Corporate Guarantee
Rentable SF
13,905
Lease Type
Double Net
Rent Per Square Feet
$18.94

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 2955 18th Avenue in Rock Island, Illinois. The site consists of roughly 13,905 rentable square feet of building space on estimated 1.45-acre parcel of land. This Walgreens is subject to a 60-year double-net (NN) lease, which commenced March 19th, 1998, and has approximately 11 years remaining on the base lease term. The current annual rent is $263,400.

Investment Highlights

  • Original Long-Term, 60-Year Double-Net (NN) Lease | Approximately 11 Years Remaining
  • Corporate Guarantee | Investment Grade Credit: Walgreens Boots Alliance, Inc.(S&P: BBB)
  • Double Drive-Thru Location

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Listing Price: $5,268,000

Cap Rate
5.00%
Tenant Name
Bond Drug Company of Illinois
Years Remaining On Lease
35.8
Guarantor
Corporate Guarantee
Rentable SF
13,905
Lease Type
Double Net
Rent Per Square Feet
$18.94

Investment Highlights

  • Original Long-Term, 60-Year Double-Net (NN) Lease | Approximately 11 Years Remaining
  • Corporate Guarantee | Investment Grade Credit: Walgreens Boots Alliance, Inc.(S&P: BBB)
  • Double Drive-Thru Location

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 2955 18th Avenue in Rock Island, Illinois. The site consists of roughly 13,905 rentable square feet of building space on estimated 1.45-acre parcel of land. This Walgreens is subject to a 60-year double-net (NN) lease, which commenced March 19th, 1998, and has approximately 11 years remaining on the base lease term. The current annual rent is $263,400.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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