Drug Store
Walgreens | Fresh 5.5-Year Term
4704 S Halsted St, Chicago, IL 60609
Listing Price: $2,113,300
Investment Overview
Marcus & Millichap is pleased to exclusively present a Walgreens with a fresh 5.5-year term. Additional attractive lease terms include very limited landlord responsibilities and a corporate guarantee. Walgreens has operated at this location since 1993, and has recently undergone capital improvements.
Subject property is situated on a heavily traveled stoplight intersection and is surrounded by a dense, Chicago area, as well as many notable retailers. Walgreens is directly across the street from a highly visited grocery anchored center, and adjacent to a Dunkin'. This strong infill location boasts over 100,000 people working within two miles, and 317,502 people living within three miles.
Walgreens | Fresh 5.5-Year Term
Investment Highlights
- Fresh 5.5-Year Term on a Net Leased Walgreens
- Attractive Lease Terms - Very Limited Landlord Responsibilities & Corporately Guaranteed by Walgreens Corporation
- Long-Term Occupancy | Walgreens Has Been Operating at this Location Since 1993
- Attractive Real Estate Featuring New Capital Improvements Recently Completed
- Notable Retailers in Close Proximity | Directly Across the Street from a Highly Visited Grocery Anchored Center
- Located at a Signalized, Stoplight Intersection - High Visibility with Nearly 25,000 Vehicles per Day
- Less Than One Mile Off Interstate 90 (339,000 Vehicles per Day) and the CTA Red Line 47th Street Station
- 100,449 People Work Within Two Miles of Subject Property | 317,502 People Live Within Three Miles
Listing Price: $2,113,300
Investment Highlights
- Fresh 5.5-Year Term on a Net Leased Walgreens
- Attractive Lease Terms - Very Limited Landlord Responsibilities & Corporately Guaranteed by Walgreens Corporation
- Long-Term Occupancy | Walgreens Has Been Operating at this Location Since 1993
- Attractive Real Estate Featuring New Capital Improvements Recently Completed
- Notable Retailers in Close Proximity | Directly Across the Street from a Highly Visited Grocery Anchored Center
- Located at a Signalized, Stoplight Intersection - High Visibility with Nearly 25,000 Vehicles per Day
- Less Than One Mile Off Interstate 90 (339,000 Vehicles per Day) and the CTA Red Line 47th Street Station
- 100,449 People Work Within Two Miles of Subject Property | 317,502 People Live Within Three Miles
Investment Overview
Marcus & Millichap is pleased to exclusively present a Walgreens with a fresh 5.5-year term. Additional attractive lease terms include very limited landlord responsibilities and a corporate guarantee. Walgreens has operated at this location since 1993, and has recently undergone capital improvements. Subject property is situated on a heavily traveled stoplight intersection and is surrounded by a dense, Chicago area, as well as many notable retailers. Walgreens is directly across the street from a highly visited grocery anchored center, and adjacent to a Dunkin'. This strong infill location boasts over 100,000 people working within two miles, and 317,502 people living within three miles.
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