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12533354
12533247

6016 W 63rd St, Chicago, IL 60638

RL
CA 01466991
Equity Investment Advisors
Listed by Equity Investment Advisors
$4,715,000
117 days on market
Updated 38 days ago

Walgreens - Dense Infill Location

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,050
Cap Rate 7.45%
NOI $351,250
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 13
Lease Expiration 08/31/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options 12
Price per SqFt $336
Year Built 2001
Acreage 0.770
Parking Spaces 32 spaces
Parking Per SqFt 2.28
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2022
Ground Lease No

Dense Infill Location

Marketing description

Located just 10 miles southwest of downtown Chicago, Walgreens is positioned on a hard corner at the signalized intersection of W 63rd Street and S Austin Avenue. Chicago Midway International Airport is a prominent traffic driver near the site (<3 miles) with approximately 172 domestic and 8 international departures daily.

Walgreens is diagonally across from 7-Eleven and is proximate to Fair Share, Little Learners Daycare, BMO Harris Bank, Hoyne Savings Bank, Family Dollar, Metro by T-Mobile, and Dunkin’. Walgreens is also surrounded by a dense concentration of residential with 8,371 households and 22,750 individuals within a 1-mile radius, placing a substantial built-in customer base within walking distance from the site.

The Chicago-Naperville-Elgin MSA (Population: 9.5M) is one of the most attractive and dynamic markets in the nation. Chicago boasts a thriving retail market, with the third largest economy in the nation. The market’s vibrant business climate, central geographic location, diversified economy and available human resources have helped Chicago achieve a prominent position as a world-class city in finance, international trade, manufacturing, transportation, culture and the arts.

Investment highlights

  • 13 Year NNN lease with no landlord responsibilities

  • Corporate Guarantee

  • Dense population of 22,750 people within 1-mile radius

  • Rare 5% rent increases every 5 years

  • Less than 3 miles from Chicago Midway international airport

  • 10 miles from downtown Chicago

Listing Contacts

RL
CA 01466991
Equity Investment Advisors
Listed by Equity Investment Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$351,250.00
$29,270.83/mo

Valuation Metrics

0
DSCR
7.45%
Cap Rate
7.45%
ROI

Map

Zoning

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B3-1 CommercialRetail CommercialCommunity Shopping District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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