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Drug Store

Walgreens - Belmont Ave - Chicago IL

3424 W Belmont Ave, Chicago, IL 60618

Listing Price: $10,118,056

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.71

Investment Overview

This passive investment opportunity offers a qualified buyer 12.2 years remaining on a NNN, credit worthy, essential retailer with zero landlord responsibilities in the heart of Chicago.

Investment Highlights

  • 12.2 years remaining on a Corporate Guaranteed NNN Walgreens
  • No Landlord responsibilities
  • Fantastic location - in the heart of Chicago
  • Densely populated region with more than 1,000,000 within a 5-mile radius from the site
  • A staple in the community having been at this location since 2009 and sits directly off I-90
  • Highly desirable retail real estate, just a few miles from Chicago's city center, Lake Shore drive, and Wrigley Field
  • Walgreens is an Essential Retailer and 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 - Belmont Ave - Chicago IL

Listing Price: $10,118,056

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.71

Investment Highlights

  • 12.2 years remaining on a Corporate Guaranteed NNN Walgreens
  • No Landlord responsibilities
  • Fantastic location - in the heart of Chicago
  • Densely populated region with more than 1,000,000 within a 5-mile radius from the site
  • A staple in the community having been at this location since 2009 and sits directly off I-90
  • Highly desirable retail real estate, just a few miles from Chicago's city center, Lake Shore drive, and Wrigley Field
  • Walgreens is an Essential Retailer and Investment Grade Credit Tenant, S&P rated BBB

Investment Overview

This passive investment opportunity offers a qualified buyer 12.2 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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