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Walgreens | 11yrs Abs NNN | DriveThru 1723 Broadway St 14,820 SF Retail Building Quincy, IL 62301 $10,568,913 CAD ($713.15 CAD/SF) 8.01% Cap Rate

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Investment Highlights

11 Years Remaining | Options To Extend | Drive-Thru Equipped Attractive Assumable Financing
Quincy University (1,300+ Students) | Retail Corridor | Signalized, Hard Corner Location | Blessing Hospital (347 Beds)

Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS Real Estate Partners–Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN-leased Walgreens investment property located in Quincy, Illinois. The tenant, Walgreens, has 11 years remaining on their current initial term with ten (5-year) options to extend, demonstrating their commitment to the site. The site features a drive-thru, enhancing tenant functionality and long-term retail viability. The property also features an attractive assumable financing, providing buyers the opportunity to take advantage of favorable loan terms and potentially below-market interest rates. The lease is an absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,820 SF

Building Class

Year Built

2012

Price

$10,568,913 CAD

Price Per SF

$713.15 CAD

Cap Rate

8.01%

NOI

$846,851 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.20

Lot Size

1.66 AC

Zoning

RIC

Parking

58 Spaces (3.91 Spaces per 1,000 SF Leased)

Frontage

244’ on Broadway St

Corner Lot
Dedicated Turn Lane

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Retailer
99,999 SF
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Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.