Drug Store
Absolute Triple Net Walgreens | Chicago MSA
11200 W Laraway Rd, Frankfort, IL 60423
Listing Price: $4,642,857
Investment Overview
Subject is a Prime 14,709 Square-Foot Build-to-Suit
Walgreens on a 1.72-Acre Lot with Ample Parking, Pylon
Signage, Easy Ingress/Egress, Strategically Located on a
Signalized Intersection
Absolute NNN Lease with a 25-Year Base Term and Zero
Landlord Responsibility | Over Five Years Remaining and 10 x
5-Year Options
Absolute Triple Net Walgreens | Chicago MSA
Investment Highlights
- Robust Traffic Counts on Laraway Road (10,302 VPD) and Wolf Road (6.809 VPD), a Half Mile off of South La Grange Road (15,506 VPD) (Source: LandVision, CoStar, 2022)
- Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
- High Growth Area | Nearby National Retailers Include: JC Penney, Bed Bath & Beyond, Meijer, Kohl's, Panera Bread, Office Depot, Chase, Chipotle, CVS, US Bank, and Others
- Affluent Community with an Average Household Income of Over $154K within Five Miles of the Subject Asset, as of 2022
- Subject is 27 Miles from Chicago Midway International Airport, Serving Over 20 Million Passengers Annually and 36 Miles from Downtown Chicago with a Population of 2.7 Million
- Parks and Outdoor Recreational Facilities Nearby Include: Hickory Creek Preserve, Hallmark Sports Club, Prestwick Country Club, Sauk Trail Reservoir, Sanctuary Golf Course, and More
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $4,642,857
Investment Highlights
- Robust Traffic Counts on Laraway Road (10,302 VPD) and Wolf Road (6.809 VPD), a Half Mile off of South La Grange Road (15,506 VPD) (Source: LandVision, CoStar, 2022)
- Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
- High Growth Area | Nearby National Retailers Include: JC Penney, Bed Bath & Beyond, Meijer, Kohl's, Panera Bread, Office Depot, Chase, Chipotle, CVS, US Bank, and Others
- Affluent Community with an Average Household Income of Over $154K within Five Miles of the Subject Asset, as of 2022
- Subject is 27 Miles from Chicago Midway International Airport, Serving Over 20 Million Passengers Annually and 36 Miles from Downtown Chicago with a Population of 2.7 Million
- Parks and Outdoor Recreational Facilities Nearby Include: Hickory Creek Preserve, Hallmark Sports Club, Prestwick Country Club, Sauk Trail Reservoir, Sanctuary Golf Course, and More
Investment Overview
Subject is a Prime 14,709 Square-Foot Build-to-Suit Walgreens on a 1.72-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, Strategically Located on a Signalized Intersection Absolute NNN Lease with a 25-Year Base Term and Zero Landlord Responsibility | Over Five Years Remaining and 10 x 5-Year Options
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
