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Walgreens 12854 S Ashland Ave

10,579 SF Retail Building Riverdale, IL 60827 £3,544,977 (£335/SF) 7.10% Net Initial Yield

Investment Highlights

  • Absolute NNN lease with 11.5+ years remaining.
  • Walgreens is S&P Rated BBB- providing long-term security.
  • Positioned near the exit of interstate 57 which has a traffic count of 102,000 VPD.
  • Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
  • Located in a dense market with a population of over 126,000 within a 3-mile radius.
  • Neighboring retailers include Planet Fitness, Aldi, Advanced Auto, McDonalds and many more.

Executive Summary

Triple Net Tenant Walgreens

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,579 SF
Building Class
C
Year Built
2006
Price
£3,544,977
Price Per SF
£335
Net Initial Yield
7.10%
NOI
£251,517
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Land Acres
1.42 AC
Parking
55 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
146 ft on S Ashland Ave

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 10,579 SF
  • -
  • Triple Net
  • -

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 10,579 SF - Triple Net -
1 of 1
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 25-31-204-029-0000 Improvements Assessment £66,256
Land Assessment £22,690 Total Assessment £88,946

PROPERTY TAXES

Parcel Number
25-31-204-029-0000
Land Assessment
£22,690
Improvements Assessment
£66,256
Total Assessment
£88,946
(407) 913-9009

  • Listing ID: 31933772

  • Date on Market: 27/05/2024

  • Last Updated:

  • Address: 12854 S Ashland Ave, Riverdale, IL 60827

The Retail Property at 12854 S Ashland Ave, Riverdale, IL 60827 is currently available For Sale. Contact Stream Capital Partners for more information.

Nearby Listings

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12854 S Ashland Ave, Riverdale, IL for sale Building Photo- Image 1 of 5
Walgreens, Calumet Park _ Website
12854 S Ashland Ave, Riverdale, IL for sale Building Photo- Image 2 of 5
Walgreens, Calumet Park _ Website2
12854 S Ashland Ave, Riverdale, IL for sale Building Photo- Image 3 of 5
Walgreens, Calumet Park _ Website3
12854 S Ashland Ave, Riverdale, IL for sale Building Photo- Image 4 of 5
Walgreens, Calumet Park _ Website4

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© 2024 CoStar Group

Walgreens | 12854 S Ashland Ave
(407) 913-9009 x

Walgreens | 12854 S Ashland Ave

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Connor Shell

(407) 913-9009

(407) 913-9009

Jordan Koeppel

(561) 789-5504

(561) 789-5504

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