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.
City: Mount Prospect
State/County: Illinois
Zip: 60056
Country: United States
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