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WALGREENS INFILL CHICAGO | LOW PRICE-POINT

$2,285,000 | 7.00%

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4704 South Halsted Street
Chicago, Illinois

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Under Contract

Features

  • National Tenant – Walgreens | “BBB” Standard and Poor’s Credit Rating
  • 30-Year, Corporately Guaranteed Lease
    • Three Years Remaining on Base Lease Term
    • Double-Net Lease Structure | Very Limited Landlord Responsibilities
    • Corporately Guaranteed by Walgreens Corporation
  • Long Term Occupancy | Walgreens Has Been Operating at this Location Since 1993
  • Strong Reported Sales (See Agent for November 2020 Reported Sales)
  • New Capital Improvements Just Completed
    • New Roof (2020/2021 Installation) with Warranty
    • Extensive Parking Lot Updates
  • Very Low Below Market Rent ($12.31 per Square Foot) for Urban Chicago Hard Corner Location
  • Drive-Thru Location – Hard to Replace Attribute | Requires Special Use Permit
  • Directly Across the Street from a Grocer Anchored Retail Center
  • Situated Within the Stockyards Industrial Corridor
    • Factories and Warehouses in the Stockyards Industrial Park Support More than 5,000 Jobs
    • Provides Economic and Social Benefits to the City
  • Located at a Signalized, Stoplight Intersection
    • High Visibility with 25,200 Vehicles Passing per Day
    • Over 360 Feet of Frontage Along Halsted Street and 47th Street
  • Less Than One Mile Off Interstate 90 and the CTA Red Line 47th Street Station
  • Strong Infill Location | 19,337 People Work Within One Mile of Subject Property

Contact

SEAN SHARKO
Senior Vice President Investments
Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
* Broker of Record: Steven Weinstock

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