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.
Walgreens - Chicago - California Ave
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
Financing By
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
Financing By
