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Drug Store

Absolute Net (NNN) Walgreens - Chicago, IL - California Ave (PORTFOLIO OPTION)

2744 N California Ave, Chicago, IL 60647

Listing Price: $8,538,462

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
12,515
Lease Type
Absolute Net
Rent Per Square Feet
$44.35

Investment Overview

Available individually or as a portfolio, ask about our other midwest Walgreens locations.

WALGREENS
Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries.


CHICAGO, IL
Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.5 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region and was exemplified between 2020-2021. Since then, movement back into downtown Chicago is gaining headway as employers increasingly push for hybrid work schedules, while progressing tourism levels support activity in the urban core.

Investment Highlights

  • PASSIVE SLEEP-AT-NIGHT OPPORTUNITY - The NNN lease structure requires zero landlord obligations, tenant pays for all taxes, insurance, and maintenance directly
  • STABLE INVESTMENT GRADE TENANT - Walgreens Boots Alliance is publicly traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated BBB- by S&P
  • FANTASTIC LOCATION - Located in the heart of Chicago, this site has been a staple in the community since 2009
  • STRATEGICALLY LOCATED RETAIL CORNER - Excellent visibility on a signalized intersection with multiple access points offering convenience and e-commerce resistance, including a drive-thru pharmacy and electric vehicle charging station
  • OUTSTANDING DEMOGRAPHICS - Surrounded by dense urban infill, with more than 1,000,000 residents living within a 5-mile radius from the site

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

Absolute Net (NNN) Walgreens - Chicago, IL - California Ave (PORTFOLIO OPTION)

Listing Price: $8,538,462

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
12,515
Lease Type
Absolute Net
Rent Per Square Feet
$44.35

Investment Highlights

  • PASSIVE SLEEP-AT-NIGHT OPPORTUNITY - The NNN lease structure requires zero landlord obligations, tenant pays for all taxes, insurance, and maintenance directly
  • STABLE INVESTMENT GRADE TENANT - Walgreens Boots Alliance is publicly traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated BBB- by S&P
  • FANTASTIC LOCATION - Located in the heart of Chicago, this site has been a staple in the community since 2009
  • STRATEGICALLY LOCATED RETAIL CORNER - Excellent visibility on a signalized intersection with multiple access points offering convenience and e-commerce resistance, including a drive-thru pharmacy and electric vehicle charging station
  • OUTSTANDING DEMOGRAPHICS - Surrounded by dense urban infill, with more than 1,000,000 residents living within a 5-mile radius from the site

Investment Overview

Available individually or as a portfolio, ask about our other midwest Walgreens locations. WALGREENS Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries. CHICAGO, IL Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.5 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region and was exemplified between 2020-2021. Since then, movement back into downtown Chicago is gaining headway as employers increasingly push for hybrid work schedules, while progressing tourism levels support activity in the urban core.

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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