Walgreens

8701 South Cicero Avenue, Hometown, IL
Ownership Type:
Fee Simple
Price:
$4,500,000
Cap Rate:
7.22%
Current Rent:
$325,000
Lease Type:
DoubleNet
Landlord Responsibilities:
Roof, Structure & Parking Replacement
Lease Expiration Date:
Approx. 7 years
Renewal Options:
Eight (8), Five (5) Year Options
Building Sq. Ft.:
14,855
Rent Increases:
5.00% every 5 years
Site Size:
1.48 acres

Investment Highlights

  • Rare rental increases | Lease calls for 5% increases every 5 years in options
  • Lease has over 7 years remaining on the initial term
  • Parking lot replaced in September 2019
  • Reported store sales are just under $3 million
  • Corner location in a densely-populated area with over 192,000 households within five miles of the Property
  • The Subject Walgreens is situated at an intersection with traffic counts that surpass 72,000 vehicles per day

Listing Agents

Ryan Smeele

CFO
847 651 7500
Ryan@stream-cp.com

Graham Gold

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

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