Chicago, IL - Walgreens (W 47th St)

Description:

• Over 13 years remaining with 12 (5-year) option periods to extend
• Lease is corporate signed by Walgreen Co.
• Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

- Located near the signalized, hard corner intersection of W 47th St and S Ashland Ave with a combined 42,000 vehicles passing by daily
- Positioned just down the road from Yards Plaza, a 268,000 square foot shopping center anchored by Forman Mills, Dollar Tree, and more
- Situated a few miles southeast of Pulaski Promenade, a 141,000 square foot shopping center anchored by Marshalls, Michaels, and Ross Dress for Less
- Located in the center of a primary retail corridor with other nearby national/credit tenants including The Home Depot, Target, T.J. Maxx, ALDI, CitiTrends, and more, further increasing consumer traffic to the site
- Strong tenant synergy promotes crossover shopping to the subject property