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Drug Store

Walgreens - Belmont Ave - Chicago (4 Property Chicago and Madison Walgreens Portfolio)

3424 W Belmont Ave, Chicago, IL 60618

Listing Price: $10,923,148

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.71

Investment Overview

This portfolio consists of 4 corporate guaranteed longstanding Walgreens in the Chicago and Madison MSA's. Walgreens offers a household name, convenience and many have drive-thru pharmacies to aid in social distancing. Properties are landlord friendly, with minimal to zero responsibilities and have a range of 8-12 years left on the base terms.

Investment Highlights

  • True NNN lease - zero landlord obligations
  • Pandemic resistant, essential retailer
  • Investment Grade Credit Tenant (BBB by S&P) - Publicly Traded (NASDAQ:WBA) - Ranked #19 Fortune 500
  • Part of a 4 property Walgreens portfolio

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 - Belmont Ave - Chicago (4 Property Chicago and Madison Walgreens Portfolio)

Listing Price: $10,923,148

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.71

Investment Highlights

  • True NNN lease - zero landlord obligations
  • Pandemic resistant, essential retailer
  • Investment Grade Credit Tenant (BBB by S&P) - Publicly Traded (NASDAQ:WBA) - Ranked #19 Fortune 500
  • Part of a 4 property Walgreens portfolio

Investment Overview

This portfolio consists of 4 corporate guaranteed longstanding Walgreens in the Chicago and Madison MSA's. Walgreens offers a household name, convenience and many have drive-thru pharmacies to aid in social distancing. Properties are landlord friendly, with minimal to zero responsibilities and have a range of 8-12 years left on the base terms.

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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