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Drugstore For Sale • 13,776 SF
| Walgreens Has Operated Here Since 1999 With $2.1M in Annual Sales and 5.5 Years Remaining on the Lease Plus 8 Renewal Options |
| Double-Net Lease With Landlord Responsible Only for Roof and Structure; New Roof Installed in 2023 With Warranty Through 2043 |
| Assumable ~$1.84M Loan at 6.5% Fixed Rate; $12.4K Monthly Debt Service and $101K in Annual Cash Flow After Debt Service |
| Current Rent Is Just $18.18/SF, Well Below Market; Occupancy Cost Ratio ~12% Supports Long-Term Retention |
| Outparcel to Walmart at Signalized Corner With ±33,574 VPD; Surrounded by Starbucks, AutoZone, Wingstop, and Subway |
| 5-Mile Population of 112K+ With Avg. Income Over $114K; Located 41 Miles From Downtown Chicago in a Dense Retail Trade Area |
| Cap Rate: | 8.00 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Walgreens |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Elgin Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 13 min | - | 6.5 mi |
| National Street Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 15 min | - | 7.2 mi |
| Airport | Drive | Walk | Distance |
| Chicago O'Hare International | 37 min | - | 26.7 mi |
| Chicago Midway International | 61 min | - | 43.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 55 |
| Type: | Surface |
| Included in Rent: | Yes |
Tyler Bindi
Marcus & Millichap
Tyler Bindi
Marcus & Millichap
