Walgreens - W Belmont Avenue - Chicago, IL

6809 W Belmont Ave Chicago , IL 60634-4644

Walgreens - W Belmont Avenue - Chicago, IL - Retail for sale

Overview


Positioned along one of Chicagos primary east-west thoroughfares, the property is positioned as an urban infill investment opportunity with intrinsic real estate value, strong long-term sales growth, over six years of remaining term and seven, five-year options to renew. The assets tenant, Walgreens, features an investment-grade credit rating of BBB / Stable by S&P and provides significant assurance in its tenancy. Walgreens has also recently executed its first five-year renewal option, demonstrating a commitment to this location. This offering represents the opportunity to purchase a committed national pharmacy tenant located within an urban infill Chicago market with significant intrinsic real estate value.

Investment Highlights


• Investment grade tenant
• Strong unit-level performance
• Early lease extension
• Dense, infill Chicago location
• Located along busy Belmont Ave
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 6809 W Belmont Ave, Chicago, IL 60634-4644
Land In Acres 0.76
Building Size 13,001  ft2
Financial
Price $5,000,000
Cap Rate 7.10%
Current NOI $355,000.00
Lease