Trophy Walgreens
$4,750,000
6016 West 63rd Street, Chicago, IL 60638
7.39
Cap Rate
351,250
NOI
Details:
Highlights:
- 13 Year NNN lease with no landlord responsibilities
- Corporate Guarantee (NASDAQ: WBA)
- Dense population of 22,750 people within 1-mile radius
- Rare 5% rent increases every 5 years
- Less than 3 miles from Chicago Midway international airport
- 10 miles from downtown Chicago
Description:
Located just 10 miles southwest of downtown Chicago, Walgreens is positioned on a hard corner at the signalized intersection of W 63rd Street and S Austin Avenue. Chicago Midway International Airport is a prominent traffic driver near the site (<3 miles) with approximately 172 domestic and 8 international departures daily.
Walgreens is diagonally across from 7-Eleven and is proximate to Fair Share, Little Learners Daycare, BMO Harris Bank, Hoyne Savings Bank, Family Dollar, Metro by T-Mobile, and Dunkin’. Walgreens is also surrounded by a dense concentration of residential with 8,371 households and 22,750 individuals within a 1-mile radius, placing a substantial built-in customer base within walking distance from the site.
The Chicago-Naperville-Elgin MSA (Population: 9.5M) is one of the most attractive and dynamic markets in the nation. Chicago boasts a thriving retail market, with the third largest economy in the nation. The market’s vibrant business climate, central geographic location, diversified economy and available human resources have helped Chicago achieve a prominent position as a world-class city in finance, international trade, manufacturing, transportation, culture and the arts.
Documents:
| Title | ||
|---|---|---|
|
OM_Chicago_Walgreens.pdf
|
Location
Gallery
