RIPCO Real Estate is pleased to offer for sale 110 Walnut Street, a ±14,820 square foot freestanding Walgreens on ±1.35 acres at the southwest corner of US Highway
40 and Walnut Street in Highland, Illinois, within the St. Louis metropolitan area. The property is leased on an absolute NNN basis directly to Walgreen Co. with 9.5 years
of term remaining. Walgreens pays real estate taxes directly to the taxing authority, carries all property and liability insurance, and maintains and replaces the roof,
structure, parking lot and every other element of the premises, with no CAM, no reconciliation and no management fee.
Highland sits in Madison County within the Metro East, with Interstate 70 access about 4.2 road miles northwest via Illinois Route 143. Within three miles the trade area
holds 12,311 residents with an average household income of $112,775. The asset would be an attractive opportunity for an investor seeking absolute NNN income from
a direct corporate obligor with no operating responsibility.