Walgreens

7410 N. Clark, Chicago, IL
Deal Type:
Net Lease
Price:
$6,711,666
Cap Rate:
5.40%
Current Rent:
$362,430
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Twelve, 5-Year Options
Building Sq. Ft.:
15,300 SF
Rent Increases:
5% every 5 years
Site Size:
1.3 Acres

Investment Highlights

  • COMMITMENT: New 15-year Absolute NNN lease with 5% increases every 5 years – Investment grade credit tenant (S&P: BBB).
  • PERFORMANCE: Strong performing Walgreens location evidenced by the new lease term featuring historical tenancy of 40 years.
  • IRREPLACEABLE LOCATION: Dense north side Chicago location with 68,800 residents within one mile.
  • HIGH TRAFFIC DESTINATION: Situated on a large 1.3 acre parcel at a signalized hard corner with exposure to 36,400 VPD.
  • PUBLIC TRANSIT SITE: PUBLIC Walking distance to CTA “L” Howard and Jarvis stations, which have combined annual ridership of nearly one million people.
  • SURROUNDING RETAIL: Across the street from a Jewel-Osco anchored shopping center with other national retailers including LA Fitness, Marshalls, Chase Bank, Bank of America, and Aspen Dental, among others.

Listing Agents

Graham Gold

Vice President
314 324 8792
graham@stream-cp.com

Patrick Tupa

Associate
847 345 6681
Patrick@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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