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Drug Store

Walgreens | Fresh 5.5-Year Term

4704 S Halsted St, Chicago, IL 60609

Listing Price: $2,113,300

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.3
Gross SF
13,000
Guarantor
Corporate Guarantee
Rentable SF
13,000
Price/Gross SF
$162.56
Lease Type
Single Net
Rent Per Square Feet
$12.31

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.

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

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

Drug Store

Walgreens | Fresh 5.5-Year Term

Listing Price: $2,113,300

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.3
Gross SF
13,000
Guarantor
Corporate Guarantee
Rentable SF
13,000
Price/Gross SF
$162.56
Lease Type
Single Net
Rent Per Square Feet
$12.31

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.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

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