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Walgreens | 11yrs Abs NNN | DriveThru 1723 Broadway St 14,820 SF Retail Building Quincy, IL 62301 $10,288,394 CAD ($694.22 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

$10,288,394 CAD

Price Per SF

$694.22 CAD

Cap Rate

8.01%

NOI

$824,374 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

240’ on Broadway

Corner Lot
Dedicated Turn Lane

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Retailer
99,999 SF
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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.