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4385 S Archer Avenue - Walgreens, Chicago, IL

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4385 S Archer Avenue - Walgreens

Chicago, IL 60632-2810 - South Chicago Submarket

(4.3 MB)

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2001
Building Size:15,120 SF Land Area:1.18 AC (51,401 SF)
For Sale Price:$6,686,667 Price/SF:$442.24
Cap Rate:5.85 %
Parking:57 Surface spaces are available; Ratio of 2.45/1,000 SF
Features:Drive Thru

Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens located in the city of Chicago. The property is located at a heavily trafficked signalized intersection in a dense in-fill area. This is a strong performing store with high reported store sales that are approximately $4 million. Walgreens is committed to this location as evidenced by their recent execution of an early 10 year lease extension. There are over 14 years remaining on the Walgreens lease which expires December 31, 2030. The property features both a brand new roof and parking lot which was installed in 2015 with the landlord investing over $165,000. There are eight 5-year renewal option periods remaining.

The Walgreens property is strategically located at the heavily trafficked signalized intersection of Archer Avenue and Kedzie Avenue. This intersection experiences traffic counts in excess of 60,000 vehicles per day. The property is benefitted by its proximity to Interstate 55 which is located approximately one mile north. Interstate 55 experiences traffic counts in excess of 195,000 vehicles per day. The Walgreens is located approximately one-half mile north of the CTA Orange Line Kedzie ‘L’ station which experiences over 1.5 million rider entries per year. The Chicago ‘L’ is the rapid public transit system serving the city of Chicago and some of its surrounding suburbs.
The surrounding area is densely concentrated with commercial buildings and residential homes providing for significant barriers to entry.

There are approximately 45,000 people living within a one mile radius of the property. Retailers located in the immediate trade area include Home Depot, TJ Maxx, Aldi, Kmart, Dunkin’ Donuts, Family Dollar, Chuck E. Cheese

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500

Pharma Property Group
Jason Pongsrikul
(619) 297-0055 x302

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