Drug Store
Walgreens - California Ave - Chicago
2744 N California Ave, Chicago, IL 60647
Listing Price: $9,568,966
Cap Rate
5.80%
Tenant Name
Walgreens
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
12,515
Lease Type
Absolute Net
Rent Per Square Feet
$44.35
Investment Overview
This passive investment opportunity offers a qualified buyer 11.6 years remaining on a NNN, credit worthy, essential retailer with zero landlord responsibilities in the heart of Chicago.
Walgreens - California Ave - Chicago
Investment Highlights
- 11.6 years remaining on a Corporate Guaranteed NNN Walgreens - No Landlord responsibilities
- Fantastic location - Densely populated region with more than 1,000,000 within a 50-mile radius from the site in the heart of Chicago
- A staple in the community having been at this location since 2009 and sits directly off I-90
- Site has a vital drive-thru and multiple points of access
- Strategically located on a corner facing lot surrounded by dense urban infill
- Highly desirable retail real estate, just a few miles from Chicago's city center, Lake Shore drive, and Wrigley Field
- Walgreens is an Investment Grade Credit Tenant, S&P rated BBB
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By
Listing Price: $9,568,966
Cap Rate
5.80%
Tenant Name
Walgreens
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
12,515
Lease Type
Absolute Net
Rent Per Square Feet
$44.35
Investment Highlights
- 11.6 years remaining on a Corporate Guaranteed NNN Walgreens - No Landlord responsibilities
- Fantastic location - Densely populated region with more than 1,000,000 within a 50-mile radius from the site in the heart of Chicago
- A staple in the community having been at this location since 2009 and sits directly off I-90
- Site has a vital drive-thru and multiple points of access
- Strategically located on a corner facing lot surrounded by dense urban infill
- Highly desirable retail real estate, just a few miles from Chicago's city center, Lake Shore drive, and Wrigley Field
- Walgreens is an Investment Grade Credit Tenant, S&P rated BBB
Investment Overview
This passive investment opportunity offers a qualified buyer 11.6 years remaining on a NNN, credit worthy, essential retailer with zero landlord responsibilities in the heart of Chicago.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By
