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Mount Prospect, Illinois

$ 4,510,000 16+

5.75 CAP

1701 Kensington Rd.,
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Overview

  • Price:
  • $ 4,510,000 16+
  • CAP Rate:
  • 5.75
  • Years Guaranteed:
  • 16+
  • NOI:
  • $259,356

Investment Highlights

MOUNT PROSPECT, IL WALGREENS

  • Walgreens just extended lease
  • High performing location
  • Just 20 miles northwest of downtown Chicago
  • Affluent demographic; Avg HH Income $107,022
  • Dense population; 10,189 people within 1 mile
  • 25,000 cars per day at intersection
  • Site is just a 10 minute drive from Walgreens corporate headquarters
  • Preferred option structure (every 5 years vs. 1 year)
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • NN lease with minimal management responsibilities
Address: 1701 Kensington Rd.
State/County:
Zip: 60056
Country: United States
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John Giordani