1614 W 47th St - Freestanding FOR SALE


Chicago, IL 60609- McKinley Park
$4,075,000 USD
480-221-4221
1614 W 47th St, Chicago, IL for Sale
$4,075,000 USD
Freestanding - FOR SALE
1/7
null | 7.5% Cap Rate

1614 W 47th St
Chicago, IL 60609
McKinley Park


HIGHLIGHTS

  • Over 13 Years Remaining | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Yards Plaza (268,000 SF) |Pulaski Promenade (141,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• Over 13 years remaining with 12 (5-year) option periods to extend • Lease is corporate signed by Walgreen Co. • Features 5% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$4,075,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 13+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

B3-3 Business

APN/PARCEL ID

20-06-425-016-0000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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