Walgreens
Absolute NNN Retail | Prime Location - Chicago Midway Int'l Airport (MDW) | For Sale
Marketing description
Guggenheim is pleased to present a premier investment opportunity at 5414 S Archer Ave, Chicago, IL—a standout 14,160 SF freestanding Walgreens strategically located in a high-traffic, high-demand urban corridor. This exceptional asset commands a prime corner at a hard, signalized intersection with unparalleled visibility and a remarkable combined traffic count of over 78,400 vehicles per day from both S Archer Ave and S Cicero Ave. Located mere blocks from Chicago Midway International Airport, this property boasts significant exposure to a dense population of over 500,000 residents within a five-mile radius, along with a steady flow of traveler traffic.
The property is set within a coveted retail corridor that boasts 100% occupancy within a one-mile radius, displaying sustained consumer demand and a high barrier to entry. The investment includes a corporate-backed, absolute NNN lease, ensuring a secure, long-term income stream with zero landlord obligations.
Investment highlights
Investment Highlights
- 0.86 acres on a hard-corner, signalized intersection with average traffic counts exceeding 78,400 vehicles per day.
- Dense urban area with more than 700,000 people within a five-mile radius.
- Located within one mile of Chicago Midway International Airport, which welcomed more than 22 million passengers in 2023.
- High-demand retail corridor with 100% retail occupancy within a one-mile radius.
- Built in 2012 and priced below replacement cost.
- Corporate-backed Walgreens NNN lease with 13 years remaining on the term.
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