110 Walnut St - Drug Store FOR SALE


Highland, IL 62249
$3,733,000 USD
760-448-2449
110 Walnut St, Highland, IL for Sale
$3,733,000 USD
Drug Store - FOR SALE
1/8
null | 7.5% Cap Rate

110 Walnut St
Highland, IL 62249


HIGHLIGHTS

  • Strong Reported Sales – 10% Rent to Sales Ratio – Mitigated Future Vacancy Risk
  • Early Lease Extension (July 2024) – 11.5 Years Remaining on Absolute NNN Lease 
  • Out Positions & Outperforms CVS within Highland Market – Walgreens Receives Double the Customer Visits (Source: Placer.ai)
  • Critical Business Driver - Less than 1 Mile from HSHA St. Joseph’s Hospital – Serving Highland and Surrounding Communities for over 135 Years

OVERVIEW

The fee simple interest of a Walgreens investment property located in Highland, Illinois (the “Property”). Built in 2004, the Property consists of a 14,820-square-foot retail building with a drive-thru that sits on an approximately 1.35-acre parcel. Walgreens shows commitment to this site with a newly inked lease extension that just commenced. This location has strong reported sales and a healthy 10% rent to sales ratio. Absolute-NNN lease structure and no landlord responsibilities.

FOR SALE DETAILS

PRICE

$3,733,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

02-2-18-32-14-301-010.001

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.