Walgreens

10613 Knoxville Avenue, Peoria, IL 61615

$4,035,388

Cap Rate 7.50%

Views: 21 DOM: 63 Updated: 04.12.24 Posted: 03.14.24 Status: Active

Summary

Price $4,035,388	Built/Renov 2012	Tenant Walgreens
Cap Rate 7.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 14,820	Lease Start 12-01-2012	#Units 8,896
Price/SF $272.29	Expiration 12-31-2032	Tenant Type Pharmacy
NOI $302,652	R. Term 8.7	Ownership Fee Simple
Rent/SF $20.42	Increases 0.0%/0/yrs	Pop 5Mi 48,036
Lot/AC 1.60	Options 11/5yrs	AHHI 5Mi $121,980

Lease Highlights

Walgreens has 8+ years remaining on the current lease term with 11 (5-year) options to extend
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease (NASDAQ: WBA)
Investment grade tenant (S&P: BBB-)

Location Description

Walgreens is strategically located on Knoxville Avenue, with access to 17,200 vehicles passing by daily. Situated within a dense retail corridor anchored by Schnucks Supermarket, the property is surrounded by well-known national retailers including McDonald's, Culver's, Domino's Pizza, and Jiffy Lube. Additionally, it enjoys a convenient location less than 1 mile away from the I-474/IL-6...

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Key Features

In location for years
Dense retail corridor
Near major nationals
Freeway close
Affluent AHHI $100K 5 Mi
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Walgreens Wikipedia Walgreens Wikipedia Peoria, Illinois Zip Code 61615 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walgreens
Guarantor:Corp T and Rated
Company:Walgreens Boots Alliance
# Units:8,896
Tenant S&P: BBB-
Moody’s: Baa2
Stock: NASDAQ: WBA

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,938	21,311	51,630
2023 Total Population :	8,104	21,748	52,435
2023 Employed Civilian Pop :	3,871	11,159	25,726
2023 Total Businesses :	98	1,141	2,130
2023 Average Household Income :	$ 142,985	$ 145,349	$ 119,676
2023 Total Consumer Spending :	$ 383 M	$ 1059 M	$ 2261 M
2023 Median Age :	37	40	41
2023 Total Households :	3,178	8,655	22,188
2023 Pop Age 25+: Bachelor's Degree :	1,838	4,845	10,829
2023 Average Home Value :	$ 292,900	$ 279,974	$ 236,179

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Knoxville Ave	W Mossville Rd	2005	15,600	0.04 mi
N Knoxville Ave	W Mossville Rd	2005	15,600	0.11 mi
IL 40	W Mossville Rd	2021	13,100	0.11 mi
West Wilhelm Road		2008	2,950	0.12 mi
W Mossville Rd	N Knoxville Ave	2010	2,450	0.14 mi
West Wilhelm Road	N Granite St	2022	3,800	0.15 mi
W Geneva Rd	Wilhelm Rd	2011	451	0.16 mi
N Knoxville Ave	W Mossville Rd	2009	13,800	0.17 mi
W Wilhelm Rd	N Dana Ct	2002	1,450	0.24 mi
W Geneva Rd	N Manchester Dr	2008	382	0.28 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

162 Listings
6462 Views
73 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

163 Listings
6530 Views
74 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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