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.