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Drug Store

Walgreens in Mt. Greenwood Chicago – #1 Neighborhood

3220 W 111th St, Chicago, IL 60655

Listing Price: $7,698,413

Cap Rate
6.30%
Tenant Name
Walgreens
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
13,650
Lease Type
Absolute Net
Rent Per Square Feet
$35.53

Investment Overview

Subject is a Prime 13,650 Square-Foot Build-to-Suit Walgreens on a 1.44-Acre Lot with Ample Parking, Drive-Thru Pharmacy, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection. Absolute NNN Lease with Twenty Five Year Base Term, High Sales Location, Store Was Rebuilt On Same Site, Zero Landlord Responsibility | 10 x 5-Year Options

Investment Highlights

  • Mount Greenwood is an Affluent Community with an Average Household Income of Over $104K within One Mile of the Subject Asset, as of 2022, Area Known as Top Five Safest Neighborhood in Chicago
  • Robust Traffic Counts on 111th Street (16,750 VPD) and Kedzie Avenue (14,500 VPD) (Source: LandVision, CoStar, 2022)
  • Dense Suburban Corridor | Nearby National Retailers Include: Wendy's, Raising Cane's, Dunkin', Burger King, Dollar Tree, True Value, U.S. Bank, DaVita, TJ Maxx, HomeGoods, and Others
  • Parks and Outdoor Recreational Facilities Nearby Include: Ridge CC Golf Course, The Meadows Golf Club, Fountain Hills Golf Club, Mt. Greenwood Park, Wolfe Wildlife Park, Lake Katherine Nature Center, and More
  • Investment Grade Walgreens (S&P BBB- Stable) Benefits from its Strategic Location Serving Merrionette Park and All Points South and West to Alsip
  • Subject is Fourteen Miles from Downtown Chicago with a Population of 2.7 Million
  • Subject is 9 Miles from Chicago Midway International Airport, Serving 20 Million Passengers Annually (flychicago.com)

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

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 in Mt. Greenwood Chicago – #1 Neighborhood

Listing Price: $7,698,413

Cap Rate
6.30%
Tenant Name
Walgreens
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
13,650
Lease Type
Absolute Net
Rent Per Square Feet
$35.53

Investment Highlights

  • Mount Greenwood is an Affluent Community with an Average Household Income of Over $104K within One Mile of the Subject Asset, as of 2022, Area Known as Top Five Safest Neighborhood in Chicago
  • Robust Traffic Counts on 111th Street (16,750 VPD) and Kedzie Avenue (14,500 VPD) (Source: LandVision, CoStar, 2022)
  • Dense Suburban Corridor | Nearby National Retailers Include: Wendy's, Raising Cane's, Dunkin', Burger King, Dollar Tree, True Value, U.S. Bank, DaVita, TJ Maxx, HomeGoods, and Others
  • Parks and Outdoor Recreational Facilities Nearby Include: Ridge CC Golf Course, The Meadows Golf Club, Fountain Hills Golf Club, Mt. Greenwood Park, Wolfe Wildlife Park, Lake Katherine Nature Center, and More
  • Investment Grade Walgreens (S&P BBB- Stable) Benefits from its Strategic Location Serving Merrionette Park and All Points South and West to Alsip
  • Subject is Fourteen Miles from Downtown Chicago with a Population of 2.7 Million
  • Subject is 9 Miles from Chicago Midway International Airport, Serving 20 Million Passengers Annually (flychicago.com)

Investment Overview

Subject is a Prime 13,650 Square-Foot Build-to-Suit Walgreens on a 1.44-Acre Lot with Ample Parking, Drive-Thru Pharmacy, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection. Absolute NNN Lease with Twenty Five Year Base Term, High Sales Location, Store Was Rebuilt On Same Site, Zero Landlord Responsibility | 10 x 5-Year Options

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

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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