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32341437
32341436

6301 South Kedzie Avenue, Chicago, IL 60629 For Sale

NH
IL 37077037778HN
Network Real Estate Group
Listed by Network Real Estate Group
$3,900,000
73 days on market
Updated 73 days ago
Opportunity zone

Walgreens Net Leased Investment - Chicago

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 14,029
Cap Rate 7.44%
NOI $290,056
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 01/31/2029
Price per SqFt $278
Year Built 2001
Buildings 1
Lot Size (SqFt) 39,558
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No

Net Leased Investment | 7.44% CAP

Marketing description

Network Property Management is pleased to exclusively present for sale a single-tenant, net-leased Walgreens property strategically located on the southwest side of Chicago. The asset occupies the highly visible northeast corner of 63rd Street & Kedzie Avenue, a prominent hard-corner position at a fully signalized four-way intersection. The property is improved with a +/-14,029 square-foot freestanding building situated on an approximately +/-39,558 square-foot site, offering excellent frontage, access, and visibility. The intersection benefits from strong traffic volumes of approximately 33,000 vehicles per day, providing consistent consumer exposure and reinforcing the location's long-term retail viability. Walgreens has successfully operated at this location since its original construction in 2001 and recently demonstrated its continued commitment to the site by extending its lease through January 2029. The lease structure offers a passive investment profile, with landlord responsibilities limited to roof and structural components, making this an attractive opportunity for investors seeking stable, long-term income backed by a nationally recognized credit tenant.

Investment highlights

  • Single-tenant, net-leased Walgreens property strategically located on the southwest side of Chicago
  • Highly visible northeast corner of 63rd Street & Kedzie Avenue, a prominent hard-corner position at a fully signalized four-way intersection
  • +/-14,029 square-foot freestanding building situated on an approximately +/-39,558 square-foot site
  • Strong traffic volumes of approximately 33,000 vehicles per day
  • Walgreens has successfully operated at this location since its original construction in 2001
  • Recently extended lease through January 2029
  • Passive investment profile, with landlord responsibilities limited to roof and structural components
  • Nationally recognized credit tenant

Listing Contacts

NH
IL 37077037778HN
Network Real Estate Group
Listed by Network Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$290,056.00
$24,171.33/mo

Valuation Metrics

0
DSCR
7.44%
Cap Rate
7.44%
ROI

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