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Walgreens 12854 S Ashland Ave 14,490 SF Retail Building Riverdale, IL 60827 $5,781,912 CAD ($399.03 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.
Executive Summary
12854 S Ashland Avenue offers investors the opportunity to acquire a fully stabilized retail asset occupied by Walgreens, a nationally recognized, investment-grade tenant. Located on a high-profile arterial in Riverdale, Illinois, the property benefits from strong visibility and immediate accessibility, positioned near the I-57 interchange with over 102,000 vehicles per day traveling through the corridor.
The ±14,490 SF building sits on a 1.42-acre site with prominent street frontage, generous surface parking, and excellent ingress/egress. Constructed in 2006, the property was purpose-built to suit Walgreens’ operational requirements and continues to present as modern and well-maintained—minimizing near-term capital expenditures for ownership.
Structured under an absolute NNN lease, the offering ensures zero landlord responsibilities, aligning the property as a truly passive income investment. The lease further incorporates built-in rental escalations every five years, providing a reliable hedge against inflation and progressive income growth throughout the term.
Located in a dense urban trade area, the surrounding retail synergy includes Aldi, Planet Fitness, McDonald’s, and AutoZone, driving steady traffic and reinforcing this property as a high-performing regional destination for health and convenience retail. With an S&P BBB- rated tenant, this asset pairs credit security with strategic long-term positioning in a market supported by strong demographics and substantial transportation infrastructure.
The ±14,490 SF building sits on a 1.42-acre site with prominent street frontage, generous surface parking, and excellent ingress/egress. Constructed in 2006, the property was purpose-built to suit Walgreens’ operational requirements and continues to present as modern and well-maintained—minimizing near-term capital expenditures for ownership.
Structured under an absolute NNN lease, the offering ensures zero landlord responsibilities, aligning the property as a truly passive income investment. The lease further incorporates built-in rental escalations every five years, providing a reliable hedge against inflation and progressive income growth throughout the term.
Located in a dense urban trade area, the surrounding retail synergy includes Aldi, Planet Fitness, McDonald’s, and AutoZone, driving steady traffic and reinforcing this property as a high-performing regional destination for health and convenience retail. With an S&P BBB- rated tenant, this asset pairs credit security with strategic long-term positioning in a market supported by strong demographics and substantial transportation infrastructure.
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
$5,781,912 CAD
Price Per SF
$399.03 CAD
Cap Rate
7.55%
NOI
$436,250 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
Amenities
- Freeway Visibility
- Security System
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,579 SF
- -
- Triple Net
- -
Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,579 SF | - | Triple Net | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-31-204-029-0000 | Improvements Assessment | $116,230 CAD |
| Land Assessment | $39,804 CAD | Total Assessment | $156,034 CAD |
Property Taxes
Parcel Number
25-31-204-029-0000
Land Assessment
$39,804 CAD
Improvements Assessment
$116,230 CAD
Total Assessment
$156,034 CAD
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Walgreens | 12854 S Ashland Ave
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