Your email has been sent.
Walgreens 2140 Peoria Rd 13,450 SF Retail Building Springfield, IL 62702 $2,542,711 CAD ($189.05 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Low Rent Compared to Walgreens Store Fleet – Walgreens typically pays between $280,000 and $320,000 in annual rent at comparable locations
- Rare 21.2% Rent Increase Opportunity – At the end of the current lease term, and upon another waived termination option
- State Capital Economic Anchor – Located in Springfield, Illinois, the state capital, the property benefits from a stable, government-driven economy
- Established 30-Year Operating History – Walgreens has operated successfully at this location since 1994, demonstrating more than three decades
- Strong Downside Protection – Comparable Walgreens properties with similar building and lot sizes are commonly valued between $3 million and $6 million
- Essential National Tenant – Walgreens remains one of the nation’s most important retailers, operating approximately 8,000 locations, employing 211,000
Executive Summary
Matt Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $16.06 CAD
- Triple Net
- Feb 2030
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 | - | $16.06 CAD | Triple Net | Feb 2030 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-22.0-230-057 | Improvements Assessment | $327,226 CAD |
| Land Assessment | $404,847 CAD | Total Assessment | $732,073 CAD |
Property Taxes
Presented by
Walgreens | 2140 Peoria Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.