Drug Store

Walgreens Infill Chicago | Low Price-Point

Listing Price: $2,133,333

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
3.90
Gross SF
13,000
Guarantor
Corporate Guarantee
Rentable SF
13,000
Price/Gross SF
$164.10
Lease Type
Double Net
Rent Per Square Feet
$12.31

Investment Overview

Marcus & Millichap is pleased to announce Walgreens in Chicago, Illinois. This rare 50-year, corporately gauranteed lease has 24 years remaining of lease term. Double-net lease is corporately guaranteed by Walgreens Corporation. Walgreens has been operating at this location since 1993. Located at a signalized, stoplight intersection with high visibility.

Investment Highlights

  • National Tenant - Walgreens | "BBB" Standard and Poor's Credit Rating
  • 30-Year, Corporately Guaranteed Lease | Four, Five-Year Options Remaining
  • Long Term Occupancy | Walgreens Has Been Operating at this Location Since 1993

Exclusively Listed By

Drug Store

Walgreens Infill Chicago | Low Price-Point

Listing Price: $2,133,333

Cap Rate
7.50%
Tenant Name
Walgreens
Years Remaining On Lease
3.90
Gross SF
13,000
Guarantor
Corporate Guarantee
Rentable SF
13,000
Price/Gross SF
$164.10
Lease Type
Double Net
Rent Per Square Feet
$12.31

Investment Highlights

  • National Tenant - Walgreens | "BBB" Standard and Poor's Credit Rating
  • 30-Year, Corporately Guaranteed Lease | Four, Five-Year Options Remaining
  • Long Term Occupancy | Walgreens Has Been Operating at this Location Since 1993

Investment Overview

Marcus & Millichap is pleased to announce Walgreens in Chicago, Illinois. This rare 50-year, corporately gauranteed lease has 24 years remaining of lease term. Double-net lease is corporately guaranteed by Walgreens Corporation. Walgreens has been operating at this location since 1993. Located at a signalized, stoplight intersection with high visibility.

Exclusively Listed By

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