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Walgreens 12854 S Ashland Ave 14,490 SF Retail Building Riverdale, IL 60827 $5,820,909 CAD ($401.72 CAD/SF) 7.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease.
- Walgreens is S&P Rated BBB- providing long-term security.
- Positioned near the exit of interstate 57 which has a traffic count of 102,000 VPD.
- Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
- Located in a dense market with a population of over 126,000 within a 3-mile radius.
- Neighboring retailers include Planet Fitness, Aldi, Advanced Auto, McDonalds and many more.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 10,579 SF
- -
- Triple Net
- -
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 10,579 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25-31-204-029-0000 | Improvements Assessment | $117,893 CAD |
| Land Assessment | $40,373 CAD | Total Assessment | $158,266 CAD |
PROPERTY TAXES
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Walgreens | 12854 S Ashland Ave
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