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.
- Price:
- $9,200,000
- Acreage:
- 1.26
- Year Built:
- 2013
- Listing ID #:
- MRD10908495
- Street Address:
- 5555 W 79th St
- City:
- Burbank
- State:
- Illinois
- Postal Code:
- 60459
- County:
- Cook
- Community:
- Burbank / Nottingham Park
- Listing Status:
- Active
- Stories:
- 1
- Year Built:
- 2013
- Net Operating Income:
- 499208
- Conforms To Zoning:
- Commr
- Lot Square Footage:
- 54886
- Days On Market:
- 92
- Originating Mls:
- Mred
- Property Taxes:
- $160,563
- Tax Year:
- 2019
- Tenant Pays:
- Air Conditioning, Electricity, Heat, Taxes, Insurance, Repairs, Roof, Structure, Sewer
- Cooling System:
- Central Air
- Electricity:
- 101-200 Amps
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Conlon Commercial
