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Walgreens 3220 W 111th St

13,650 SF Retail Building Chicago, IL 60655 £5,856,818 (£429/SF) 6.50% Net Initial Yield

Investment Highlights

  • Strong Performing Location – Growing store sales (contact the listing agents for further details.) Walgreens previously operated at this location
  • Strong Demographics – 5-mile population radius is over 594,881 people. 2-mile radius average household income exceeds $101,000.
  • Zero Landlord Responsibilities – The lease is absolute NNN with no landlord responsibilities. The tenant is responsible for common area maintenance
  • Long Term Lease – Walgreens has a lengthy 11 years left on the base term of the lease giving an investor over a decade of tenant stability
  • Strong Lease Guarantee – Backed by Walgreens corporate which has over 8,000 stores across the United States and has a market cap of 8B (NASDAQ: WBA.)

Executive Summary

Broker of Record
Matt Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Attachments

OM - Walgreens - Chicago, IL

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
A
Year Built
2010
Price
£5,856,818
Price Per SF
£429
Net Initial Yield
6.50%
NOI
£380,693
Tenancy
Single
Number of Floors
1
Zoning
PD 1108 - Commercial
Parking
55 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
119 ft on 111th St

Amenities

  • Signage
  • Signalised Intersection
  • Drive Thru

Links

1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 24-14-423-067-0000
  • 24-14-423-068-0000
 Improvements Assessment £226,730
Land Assessment £111,350 Total Assessment £338,080

PROPERTY TAXES

Parcel Numbers
Multiple
  • 24-14-423-067-0000
  • 24-14-423-068-0000
Land Assessment
£111,350
Improvements Assessment
£226,730
Total Assessment
£338,080
(214) 295-5743

  • Listing ID: 33948180

  • Date on Market: 21/11/2024

  • Last Updated:

  • Address: 3220 W 111th St, Chicago, IL 60655

The Retail Property at 3220 W 111th St, Chicago, IL 60655 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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Walgreens | 3220 W 111th St
(214) 295-5743 x

Walgreens | 3220 W 111th St

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Jesus Melo

(214) 295-5743

(214) 295-5743

Preston Schwartz

(972) 587-9149

(972) 587-9149

Chad Kurz

(949) 662-2252

(949) 662-2252

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