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Walgreens 12854 S Ashland Ave 14,490 SF Retail Building Riverdale, IL 60827 $5,835,570 CAD ($402.73 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 is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| 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 | $114,048 CAD |
| Land Assessment | $39,057 CAD | Total Assessment | $153,105 CAD |
Property Taxes
Presented by
Walgreens | 12854 S Ashland Ave
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