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6016 W 63rd St
Chicago, IL 60638
Walgreens | Dense Infill Location · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 13 Year NNN lease with no landlord responsibilities
- Dense population of 22,750 people within 1-mile radius
- Less than 3 miles from Chicago Midway international airport
- Corporate Guarantee
- Rare 5% rent increases every 5 years
- 10 miles from downtown Chicago
EXECUTIVE SUMMARY
Located just 10 miles southwest of downtown Chicago, Walgreens is positioned on a hard corner at the signalized intersection of W 63rd Street and S Austin Avenue. Chicago Midway International Airport is a prominent traffic driver near the site (3 miles) with approximately 172 domestic and 8 international departures daily.
Walgreens is diagonally across from 7-Eleven and is proximate to Fair Share, Little Learners Daycare, BMO Harris Bank, Hoyne Savings Bank, Family Dollar, Metro by T-Mobile, and Dunkin’. Walgreens is also surrounded by a dense concentration of residential with 8,371 households and 22,750 individuals within a 1-mile radius, placing a substantial built-in customer base within walking distance from the site.
The Chicago-Naperville-Elgin MSA (Population: 9.5M) is one of the most attractive and dynamic markets in the nation. Chicago boasts a thriving retail market, with the third largest economy in the nation. The market’s vibrant business climate, central geographic location, diversified economy and available human resources have helped Chicago achieve a prominent position as a world-class city in finance, international trade, manufacturing, transportation, culture and the arts.
Walgreens is diagonally across from 7-Eleven and is proximate to Fair Share, Little Learners Daycare, BMO Harris Bank, Hoyne Savings Bank, Family Dollar, Metro by T-Mobile, and Dunkin’. Walgreens is also surrounded by a dense concentration of residential with 8,371 households and 22,750 individuals within a 1-mile radius, placing a substantial built-in customer base within walking distance from the site.
The Chicago-Naperville-Elgin MSA (Population: 9.5M) is one of the most attractive and dynamic markets in the nation. Chicago boasts a thriving retail market, with the third largest economy in the nation. The market’s vibrant business climate, central geographic location, diversified economy and available human resources have helped Chicago achieve a prominent position as a world-class city in finance, international trade, manufacturing, transportation, culture and the arts.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,050 SF
Building Class
B
Year Built
2001
Price
$6,537,065 CAD
Price Per SF
$465.27 CAD
Cap Rate
7.45%
NOI
$486,987 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.77 AC
Zoning
M1-1, Chicago
Parking
32 Spaces (2.28 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 19-17-332-033-0000 | Improvements Assessment | $49,224 CAD |
| Land Assessment | $16,075 CAD | Total Assessment | $65,299 CAD |
PROPERTY TAXES
Parcel Number
19-17-332-033-0000
Land Assessment
$16,075 CAD
Improvements Assessment
$49,224 CAD
Total Assessment
$65,299 CAD
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