3220 W 111th St - Drug Store FOR SALE
Chicago, IL 60655 |
$7,461,000 USD
214-295-5743
3220 W 111th St
Chicago, IL 60655
HIGHLIGHTS
- Strong Performing Location – Growing store sales (contact the listing agents for further details.) Walgreens previously operated at this location
- Long Term Lease – Walgreens has a lengthy 11 years left on the base term of the lease giving an investor over a decade of tenant stability
- Strong Demographics – 5-mile population radius is over 594,881 people. 2-mile radius average household income exceeds $101,000.
- Strong Lease Guarantee – Backed by Walgreens corporate which has over 8,000 stores across the United States and has a market cap of 8B (NASDAQ: WBA.)
- Zero Landlord Responsibilities – The lease is absolute NNN with no landlord responsibilities. The tenant is responsible for common area maintenance
FOR SALE DETAILS
PRICE
$7,461,000 USD
PRICE/SF
$547 USD /SF
CAP RATE
6.5%
% 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
2010
SPRINKLERS
-
PARKING SPACES
55
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
PD 1108
APN/PARCEL ID
24-14-423-067-0000,24-14-423-068-0000
ASK ABOUT THIS PROPERTY
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214-295-5743
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214-295-5743
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