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Drug Store

Walgreens - Chicago - California Ave

2744 N California Ave, Chicago, IL 60647

Listing Price: $10,278,000

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
12,515
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.35

Investment Overview

This passive investment opportunity offers a qualified buyer 11.9 years remaining on a NNN, credit worthy, essential retailer with zero landlord responsibilities in the heart of Chicago.

Investment Highlights

  • 11.9 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

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Drug Store

Walgreens - Chicago - California Ave

Listing Price: $10,278,000

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
11.8
Guarantor
Corporate Guarantee
Rentable SF
12,515
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.35

Investment Highlights

  • 11.9 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 11.9 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

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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