Walgreens | Seller Will Provide 50% LTV Financing

Highlights:

• Net Leased Offering
• Corporate Guarantee - NASDAQ:WBA
• Seller will Provide 50% LTV Financing
• Tenant has Exercised Second Option - Showing Commitment to the Location
• $4,457,543.24 in Reported Sales
• Desirable Demographics - 230,069 Residents within a 3-Mile Radius
• 24,247 VPD along W 9th St
• Bordering Various Tenants including McDonald's, Subway, Dunkin' Donuts, Starbucks, Taco Bel, Dollar Tree, Jewel-Osco and more

Description:

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in Chicago, Illinois. The lease is corporately guaranteed by Walgreens and expires in August 2028 with ten, 5-year renewal options. This site is well situated along W 95th St with exposure to 24,247 vehicles per day. The site borders various tenants including McDonald's, Subway, Dunkin' Donuts, Starbucks, Taco Bel, Dollar Tree, Jewel-Osco and more.

LOCATION DESCRIPTION. Chicago is the most populous city in the U.S. state of Illinois and the third most populous in the United States after New York City and Los Angeles. With a population of 2,746,388 in the 2020 census, it is also the most populous city in the Midwest. As the seat of Cook County (the second most populous U.S. county), the city is the center of the Chicago metropolitan area, one of the largest in the world. As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago today embodies the values of America's heartland-integrity, hard work and community and reflects the ideals in the social fabric of its 77 distinct neighborhoods. Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation. It is the site of the creation of the first standardized futures contracts, issued by the Chicago Board of Trade, which today is part of the largest and most diverse derivatives market in the world, generating 20% of all volume in commodities and financial futures alone. O'Hare International Airport is routinely ranked among the world's top six busiest airports according to tracked data by the Airports Council International. The region also has the largest number of federal highways and is the nation's railroad hub. The Chicago area has one of the highest gross domestic products (GDP) in the world, generating $689 billion in 2018.

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