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Walgreens 12854 S Ashland Ave 14,490 SF Retail Building Riverdale, IL 60827 $5,825,979 CAD ($402.07 CAD/SF) 7.55% Cap Rate

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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

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
C
Year Built
2006
Price
$5,825,979 CAD
Price Per SF
$402.07 CAD
Cap Rate
7.55%
NOI
$439,575 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.42 AC
Parking
55 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
146’ on S Ashland Ave

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 10,579 SF
  • -
  • Triple Net
  • -

Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 10,579 SF - Triple Net -
Walk Score®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Rent-A-Center
Planet Fitness
Huntington National Bank
Order Express, Inc.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-31-204-029-0000
Land Assessment
$40,373 CAD
Improvements Assessment
$117,893 CAD
Total Assessment
$158,266 CAD
  • Listing ID: 31933772

  • Date on Market: 2024-05-27

  • Last Updated:

  • Address: 12854 S Ashland Ave, Riverdale, IL 60827

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