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Drug Store

Walgreens | Low Rent & Strong Sales | 10 Yr NNN Lease | Across from an Urgent Care

2532 N Illinois St, Swansea, IL 62226

Listing Price: $3,200,000

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
13,905
Lease Type
Double Net
Rent Per Square Feet
$16.11

Investment Overview

LOWER RENT & PRICE POINT WALGREENS
• This Walgreens has a lower rent of $223,992 per year which equates to a lower price point compared to most Walgreens Locations.

NEXT TO WELLNOW URGENT CARE & ACROSS FROM MULTIPLE MEDICAL PRACTICES
• The subject property is adjacent to a WellNow Urgent Care and is directly across the street from three Medical Practices.
• Memorial Hospital-Metro East, a 207K SF hospital, is located 1.8 miles away and has 2,154 employees.
• Memorial Hospital Belleville, a 85,000 SF hospital, is located 2.5 miles away and has 2,300 employees.

5 MILE POPULATION: 113,457
• This Walgreens is located in a dense residential infill with 113,457 people in a 5 mile radius.

SIGNALIZED INTERSEC TION (18 , 350 V PD)
• This Walgreens has two entrances and is located at the signalized intersection of Hwy 159 and E Fullerton Rd with a combined 18,350 VPD.
• Hwy 161 (20,500 VPD) is less than 1 mile away and I-40 (78,800 VPD) is 4 miles away.

ST. LOUIS SUBURB | LARGEST MSA POPULATION IN MISSOURI
• Downtown St. Louis is 15 minutes away from this store.
• St. Louis is the second largest city in Missouri with a bi state metropolitan area population of over 2.8 million. It is the largest metropolitan area in Missouri and the second largest in Illinois.
• A global city with a metropolitan GDP of more than $160 billion in 2017, metropolitan St. Louis has a diverse economy with strengths in the service, manufacturing, trade, transportation, and tourism industries.
• It is home to 8 fortune 500 companies including Wells Fargo Advisors, Ameren Corporation, Peabody Energy and more.

10.5 YEAR CORPORATE LEASE
• This is a 13,833 SF Walgreens with a drive thru that has been operating at this location since 1997
• The subject property has a corporate guaranteed NNN Lease with Walgreens that commenced in June 1997 and expires in June 2034
• The tenant has the option to terminate the lease every 5 years beginning on June 30, 2034 with 12 months’ notice to the Landlord.
• The Tenant is responsible for Parking Lot HVAC, Insurance & Taxes.
• The Landlord is responsible for roof & structure.

INVESTMENT GRADE TENANT
• Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with 9,277 stores in all 50 states.
• Walgreens is publicly traded (WBA: NYSE) with a net worth in excess of $110 billion.
• Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment-grade rated each with a Standard & Poor’s rating of BBB.

Investment Highlights

  • Lower Rent & Price Point Walgreens
  • Next To WellNow Urgent Care & Across From Multiple Medical Practices
  • 5 Mile Population: 113,457
  • St. Louis Suburb | Largest MSA Population In Missouri
  • 10.5 Year Corporate Lease
  • Investment Grade Tenant

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Drug Store

Walgreens | Low Rent & Strong Sales | 10 Yr NNN Lease | Across from an Urgent Care

Listing Price: $3,200,000

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
13,905
Lease Type
Double Net
Rent Per Square Feet
$16.11

Investment Highlights

  • Lower Rent & Price Point Walgreens
  • Next To WellNow Urgent Care & Across From Multiple Medical Practices
  • 5 Mile Population: 113,457
  • St. Louis Suburb | Largest MSA Population In Missouri
  • 10.5 Year Corporate Lease
  • Investment Grade Tenant

Investment Overview

LOWER RENT & PRICE POINT WALGREENS • This Walgreens has a lower rent of $223,992 per year which equates to a lower price point compared to most Walgreens Locations. NEXT TO WELLNOW URGENT CARE & ACROSS FROM MULTIPLE MEDICAL PRACTICES • The subject property is adjacent to a WellNow Urgent Care and is directly across the street from three Medical Practices. • Memorial Hospital-Metro East, a 207K SF hospital, is located 1.8 miles away and has 2,154 employees. • Memorial Hospital Belleville, a 85,000 SF hospital, is located 2.5 miles away and has 2,300 employees. 5 MILE POPULATION: 113,457 • This Walgreens is located in a dense residential infill with 113,457 people in a 5 mile radius. SIGNALIZED INTERSEC TION (18 , 350 V PD) • This Walgreens has two entrances and is located at the signalized intersection of Hwy 159 and E Fullerton Rd with a combined 18,350 VPD. • Hwy 161 (20,500 VPD) is less than 1 mile away and I-40 (78,800 VPD) is 4 miles away. ST. LOUIS SUBURB | LARGEST MSA POPULATION IN MISSOURI • Downtown St. Louis is 15 minutes away from this store. • St. Louis is the second largest city in Missouri with a bi state metropolitan area population of over 2.8 million. It is the largest metropolitan area in Missouri and the second largest in Illinois. • A global city with a metropolitan GDP of more than $160 billion in 2017, metropolitan St. Louis has a diverse economy with strengths in the service, manufacturing, trade, transportation, and tourism industries. • It is home to 8 fortune 500 companies including Wells Fargo Advisors, Ameren Corporation, Peabody Energy and more. 10.5 YEAR CORPORATE LEASE • This is a 13,833 SF Walgreens with a drive thru that has been operating at this location since 1997 • The subject property has a corporate guaranteed NNN Lease with Walgreens that commenced in June 1997 and expires in June 2034 • The tenant has the option to terminate the lease every 5 years beginning on June 30, 2034 with 12 months’ notice to the Landlord. • The Tenant is responsible for Parking Lot HVAC, Insurance & Taxes. • The Landlord is responsible for roof & structure. INVESTMENT GRADE TENANT • Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe with 9,277 stores in all 50 states. • Walgreens is publicly traded (WBA: NYSE) with a net worth in excess of $110 billion. • Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment-grade rated each with a Standard & Poor’s rating of BBB.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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