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Trophy Walgreens

$4,750,000

6016 West 63rd Street, Chicago, IL 60638

Active
Last Updated: 01/27/2025

7.39

Cap Rate

351,250

NOI

Details:
Cap Rate:    7.39%
NOI:    $351,250
Building Size:    14,050 sqft
Lot Area:    0.77 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2001
Tenancy:    Single
Parking Spots:    32
Lease Expire Year:    08/31/2035
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.

Map:
Documents:
Title
OM_Chicago_Walgreens.pdf
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Location
Gallery