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Walgreens

4001 W Irving Park Rd, Chicago, IL 60641

Price:
$2,324,314
CAP Rate:
9.25%
NOI:
$214,999
Net Rentable Area:
12,495 SF
Lot Size:
0.57 Acres
Year Built:
2006
Status:
Available

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • PASSIVE SLEEP-AT-NIGHT OPPORTUNITY The NNN lease structure requires zero landlord obligations, tenant pays for all taxes, insurance, and maintenance directly
  • INVESTMENT ADVANTAGES A leasehold offers higher returns to an investor and tax advantages of 100% depreciation
  • 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 2006
  • 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
  • OUTSTANDING DEMOGRAPHICS Surrounded by dense urban infill, with more than 1,000,000 residents living within a 5-mile radius from the site
Illinois BOR: Steven Weinstock, Tel 630.570.2200, LIC #: 471.011175 File Photo Above.

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DIRECT:

818.907.9525

OFFICE:

818.212.2730

Email:

Corporate Office:

16830 Ventura Blvd. Suite 100, Encino, CA 91436

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