12854 S Ashland Ave - Drug Store FOR SALE
Riverdale, IL 60827 |
$4,493,000 USD
407-913-9009
12854 S Ashland Ave
Riverdale, IL 60827
HIGHLIGHTS
- Absolute NNN lease with 11.5+ years remaining.
- Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
- Walgreens is S&P Rated BBB- providing long-term security.
- Located in a dense market with a population of over 126,000 within a 3-mile radius.
- Positioned near the exit of interstate 57 which has a traffic count of 102,000 VPD.
- Neighboring retailers include Planet Fitness, Aldi, Advanced Auto, McDonalds and many more.
FOR SALE DETAILS
PRICE
$4,493,000 USD
PRICE/SF
$425 USD /SF
CAP RATE
7.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
55
LAND DETAILS
LAND ACRES
1.42 AC
LAND SF
61,855 SF
ZONING
-
APN/PARCEL ID
25-31-204-029-0000
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407-913-9009
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407-913-9009
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