12854 S Ashland Ave - Drug Store FOR SALE


Riverdale, IL 60827
$4,225,000 USD
407-913-9009
12854 S Ashland Ave, Riverdale, IL for Sale
$4,225,000 USD
Drug Store - FOR SALE
1/4
null | 7.55% Cap Rate

12854 S Ashland Ave
Riverdale, IL 60827


HIGHLIGHTS

  • Absolute NNN lease.
  • Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
  • Walgreens is S&P Rated BBB- providing long-term security.
  • Located in a dense market with a population of over 126,000 within a 3-mile radius.
  • Positioned near the exit of interstate 57 which has a traffic count of 102,000 VPD.
  • Neighboring retailers include Planet Fitness, Aldi, Advanced Auto, McDonalds and many more.

OVERVIEW

12854 S Ashland Avenue offers investors the opportunity to acquire a fully stabilized retail asset occupied by Walgreens, a nationally recognized, investment-grade tenant. Located on a high-profile arterial in Riverdale, Illinois, the property benefits from strong visibility and immediate accessibility, positioned near the I-57 interchange with over 102,000 vehicles per day traveling through the corridor. The ±14,490 SF building sits on a 1.42-acre site with prominent street frontage, generous surface parking, and excellent ingress/egress. Constructed in 2006, the property was purpose-built to suit Walgreens’ operational requirements and continues to present as modern and well-maintained—minimizing near-term capital expenditures for ownership. Structured under an absolute NNN lease, the offering ensures zero landlord responsibilities, aligning the property as a truly passive income investment. The lease further incorporates built-in rental escalations every five years, providing a reliable hedge against inflation and progressive income growth throughout the term. Located in a dense urban trade area, the surrounding retail synergy includes Aldi, Planet Fitness, McDonald’s, and AutoZone, driving steady traffic and reinforcing this property as a high-performing regional destination for health and convenience retail. With an S&P BBB- rated tenant, this asset pairs credit security with strategic long-term positioning in a market supported by strong demographics and substantial transportation infrastructure.

FOR SALE DETAILS

PRICE

$4,225,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

-

APN/PARCEL ID

25-31-204-029-0000

ASK ABOUT THIS PROPERTY

Connor ShellStream Capital PartnersMore Info
407-913-9009

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Connor ShellStream Capital PartnersMore Info
407-913-9009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.