$9,000,000
$9,200,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
14,833 SqFt
SOLD DATE : 02/15/2021
Key Details
Sold Price $9,000,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 14,833 sqft
Price per Sqft $606
MLS Listing ID 10908495
Sold Date 02/15/21
Year Built 2013
Annual Tax Amount $160,563
Tax Year 2019
Lot Dimensions 1.26 ACRES
Property Sub-Type Retail/Stores
Property Description
This is a rare opportunity to own a highly desirable Walgreens investment property located in the southwest Chicago suburb of Burbank. The tenant pays percentage rent, with consistently high grossing sales. This is an absolute net lease with 17 years remaining on the initial term. New building with modern design and a drive-thru pharmacy, located on an incredible corner with amazing visibility and traffic, counting 50,000 + vehicles passing daily. The property is located in densely populated area and less than 3 miles from Chicago's Midway International Airport. The Walgreens company boasts an Investment Grade Credit Rating of BBB and was ranked #19 on the 2020 Fortune 500 List.
Location
State IL
County Cook
Area Burbank / Nottingham Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 1
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Bought with Inactive Inactive • Baird & Warner Fox Valley - Geneva
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