Listed by American Value Realty
$3,900,000
Walgreens (Dark)
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Net Rentable (SqFt) 14,820
Cap Rate 10.80%
NOI $420,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 05/31/2031
Remaining Term 7
Price per SqFt $263
Acreage 1.260
Tenant Credit Credit Rated
Lease Commencement 05/01/2006
Ownership Fee title
Owner Welcomes All Offers.
Marketing description
Walgreens (recently vacated) offers almost $3M in guaranteed income with 7 years remaining. Site is located 15 miles from downtown Chicago and across the street from the proposed 12 acre mixed-use project “Morgan Hose Commons’. Excellent opportunity to park your funds in a high yield property.
Listing Contacts
Listed by American Value Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$420,000.00
$35,000.00/mo
Valuation Metrics
0
DSCR
10.77%
Cap Rate
10.77%
ROI
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