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Drug Store

Walgreens - Chicago - LEASEHOLD

4001 W Irving Park Rd, Chicago, IL 60641

Listing Price: $2,961,151

Cap Rate
7.26%
Tenant Name
Walgreens
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
12,495
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.21

Investment Overview

This passive investment opportunity offers a qualified buyer 9.2 years remaining on a NNN leasehold, which provides higher returns to an investor and tax advantages of 100% depreciation This investment offers a credit worthy, essential retailer with zero landlord responsibilities in the heart of Chicago.

Investment Highlights

  • Secure and passive income - the leasehold offers higher returns to an investor and tax advantages of 100% depreciation
  • 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 2006 and sits directly off I-90
  • Strategically located on a corner 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 - LEASEHOLD

Listing Price: $2,961,151

Cap Rate
7.26%
Tenant Name
Walgreens
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
12,495
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.21

Investment Highlights

  • Secure and passive income - the leasehold offers higher returns to an investor and tax advantages of 100% depreciation
  • 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 2006 and sits directly off I-90
  • Strategically located on a corner 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 9.2 years remaining on a NNN leasehold, which provides higher returns to an investor and tax advantages of 100% depreciation This investment offers a 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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