8400 171st St - Drug Store FOR SALE


Tinley Park, IL 60487
$5,785,714 USD
847-562-8500
8400 171st St, Tinley Park, IL for Sale
$5,785,714 USD
Drug Store - FOR SALE
1/2
null | 7% Cap Rate

8400 171st St
Tinley Park, IL 60487


HIGHLIGHTS

  • Successful operating history since 2007
  • NNN lease – No landlord responsibilities
  • Over 7 years remain on the primary lease term
  • 174,000+ people live within a five-mile radius
  • Six-figure average household income within one-mile ($143,282)
  • Proximity to South LaGrange Road (43,100 VPD) & Interstate 80 (122,400 VPD)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Chicago MSA in Tinley Park, Illinois. Walgreens has successfully operated at this location since 2007 demonstrating commitment. The lease is absolute triple net featuring no landlord responsibilities. The lease runs through August 2032 leaving over 7 years of term remaining. Additionally, there are ten 5-year renewal options. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 27 for total revenue. The 14,820-square-foot building is strategically located at the signalized intersection of West 171st Street and 84th Avenue, which experience a combined 23,400 vehicles per day. Its high visibility is further enhanced by Victor Andrew High School (2,100 students) and the Tinley Park – Park District, both of which draw continual traffic through the corridor. The property also benefits from proximity to South LaGrange Road (43,100 VPD) and Interstate 80 (122,400 VPD), making it easily accessible from major thoroughfares. Additionally, there are over 174,000 people living within a five-mile radius. The area is comprised of an affluent population that earns an average household income of $143,282 (within one mile). Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

FOR SALE DETAILS

PRICE

$5,785,714 USD

PRICE/SF

$390 USD /SF

CAP RATE

7%

% 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

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

-

APN/PARCEL ID

27-26-103-012-0000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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