Absolute NNN Leased Walgreens 12659 S Ridgeland Ave 14 677 pi² Commerce de détail Immeuble Palos Heights, IL 60463 5 639 069 $ CAD (384,21 $ CAD/pi²) 9,50% Taux de capitalisation

This is the opportunity to purchase a Walgreens property located in
Palos Heights, Illinois. The asset is secured by a 25-year Absolute NNN Lease
with zero landlord responsibilities, corporately guaranteed by Walgreens. The
lease commenced in January 2006 and is set to expire in December 2030, with
ten 5-year renewal options.
This high-performing Walgreens reports strong in-store sales and is strategically
positioned at a signalized intersection in one of the busiest retail nodes in the
area. The site offers excellent visibility and access, with combined traffic counts
exceeding 29,000 vehicles per day, ensuring steady exposure to both local
residents and daily commuters.
The property is located within a dense suburban retail corridor in a wellestablished,
affluent part of Palos Heights, a desirable suburb of Chicago. The
surrounding trade area features a strong lineup of national retailers and service
providers, including Jewel-Osco, McDonald’s, Starbucks, Dunkin’, CVS, Ace
Hardware, Chase Bank, and Dollar Tree, as well as nearby medical and office
buildings such as Palos Health South Campus (Northwestern Medicine). Within a
3-mile radius, the area includes approximately 77,091 residents with an average
household income of $104,177.