Listed by eXp Commercial LLC
$2,500,000
Walgreens - Strong Reported Store Sales
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,905
Cap Rate 8%
NOI $200,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN
Lease Term 35.1
Lease Expiration 01/31/2034
Remaining Term 7.5
Rent Bumps No
Lease Options 7x5 Years
Price per SqFt $180
Broker Co-Op Yes
Year Built 1998
Acreage 1.690
Investment Type Net Lease
Lease Commencement 01/16/1999
Ground Lease No
Ownership Fee Simple
High Density Chicago MSA | High Household Income
Marketing description
*Price Improvement* We are pleased to present the Walgreens located at 540 N Schmale Ave in Carol Stream, IL for your acquisition review. The property is located in a high density heavily trafficked western suburb of Chicago adjacent to a high density residential neighborhood and a 14 Million square foot fully occupied industrial zone that drives high traffic to this location which has strong reported store sales. The lease features limited landlord responsibility, a January 2034 lease expiration, and seven 5-year renewal options.
Investment highlights
- Corporate Guarantee
- NN Lease: January 2034 Lease expiration and 7x5-year renewal options.
- Limited Landlord Responsibility
- High Population Density Location: Chicago MSA with 9,800 within 1 Mile and 106,600 within 3 Miles
- Strong Reported Store Sales
- Outstanding Exposure to 30,000 Vehicles per Day at the intersection of N. Schmale Rd. & Fullerton Ave.
- Adjacent to the Schmale–Fullerton Industrial Corridor, a 14-million-square-foot fully occupied
- industrial district. A vibrant industrial zone with a high employment base that helps fuel Walgreens
- Offered at $2,500,000 | 8.00% Cap Rate
Listing Contacts
Listed by eXp Commercial LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,000.00
$16,666.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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