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Views: 109 DOM: 240 Updated: 07.09.24 Posted: 03.20.24 Status: Contract

Summary

Price $6,428,000
Built/Renov 2013
Tenant Walgreens
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 07-01-2021
#Units 13,532
Price/SF $443.62
Expiration 07-31-2036
Tenant Type Pharmacy
NOI $450,000
R. Term 11.8
Ownership Fee Simple
Rent/SF $31.06
Increases 0.0%/0/yrs
Pop 5Mi 267,688
Lot/AC 1.21
Options 50/1yrs
AHHI 5Mi $110,158

Lease Highlights

  • Walgreens has 12+ years remaining on the current lease term with 50 (1-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Investment grade tenant (S&P: BBB-)
  • Corporate guaranteed lease (NASDAQ: WBA)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Roselle Road and West Wise Road, with access to a substantial combined daily traffic count of 54,790 vehicles. Adjacent to the property are Emerald Village Senior Apartments and Pickwick Apartments. Additionally, it is conveniently situated just half a mile off Illinois Route 390 Toll Road, which experiences a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 13,384 111,998 263,181
2023 Total Population : 13,690 113,921 267,365
2023 Employed Civilian Pop : 7,719 65,482 148,807
2023 Total Businesses : 541 3,585 10,732
2023 Average Household Income : $ 115,874 $ 120,455 $ 115,394
2023 Total Consumer Spending : $ 485 M $ 4400 M $ 9914 M
2023 Median Age : 43 42 40
2023 Total Households : 4,980 43,284 101,138
2023 Pop Age 25+: Bachelor's Degree : 2,668 24,047 52,527
2023 Average Home Value : $ 356,237 $ 344,379 $ 326,332
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Wise Road Leonard Dr 2022 18,400 0.07 mi
W Wise Rd 2022 18,900 0.08 mi
S Roselle Rd W Niagara Ave 2010 28,100 0.11 mi
S Roselle Rd E Wise Rd 2014 28,100 0.12 mi
W Niagara Ave 2022 18,900 0.12 mi
S Roselle Rd W Niagara Ave 2014 25,700 0.15 mi
W Wise Rd Thornwood Dr 2010 19,300 0.16 mi
W Niagara Ave 2022 18,900 0.17 mi
W Monterey Ave 2022 18,900 0.22 mi
West Wise Road Thornwood Dr 2022 18,400 0.23 mi

Listing Broker

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