8800 W 95th St - Drug Store FOR SALE


Hickory Hills, IL 60457
$3,800,000 USD
949-791-9089
8800 W 95th St, Hickory Hills, IL for Sale
$3,800,000 USD
Drug Store - FOR SALE
1/7
null | 5.53% Cap Rate

8800 W 95th St
Hickory Hills, IL 60457


HIGHLIGHTS

  • Walgreens 20+ Year Operating Location with Lease Extension to 11/30/2035
  • Strong Retail Corridor on Hard Corner of W. 95th St & S. 88th Ave
  • 15 Miles from Downtown Chicago
  • New Roof in 2024 with Warranty Through 2/7/2044
  • Below Market Rent $/SF
  • Strong Demographics $100k+ Income in 1-Mile Radius

OVERVIEW

Introducing the prime opportunity to invest in a spacious 15,120 SF free-standing building located at 8800 W 95th St, Hickory Hills, IL. This well-maintained property surrounded by national and regional retailers, features a favorable $210,000 NOI, with a long-term lease in place until 11/30/2035, offering almost 11 years of steady returns. Situated on a generous 1.80-acre corner parcel, this property provides ample room for expansion or additional development. Recent upgrades include a new roof with a 20-year guarantee expiring on 2/7/2044 and plans for the parking lot to be restriped and resurfaced in the coming spring.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

5.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

C-3, Hickory Hills

APN/PARCEL ID

23-03-402-008-0000

ASK ABOUT THIS PROPERTY

Tram ChurchGraystone Capital AdvisorsMore Info
949-791-9089

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Tram ChurchGraystone Capital AdvisorsMore Info
949-791-9089

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