1723 Broadway St - Drug Store FOR SALE


Quincy, IL 62301
$7,553,000 USD
949-903-8099
1723 Broadway St, Quincy, IL for Sale
$7,553,000 USD
Drug Store - FOR SALE
1/9
null | 8.01% Cap Rate

1723 Broadway St
Quincy, IL 62301


HIGHLIGHTS

  • 11 Years Remaining | Options To Extend | Drive-Thru Equipped Attractive Assumable Financing
  • Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Quincy University (1,300+ Students) | Retail Corridor | Signalized, Hard Corner Location | Blessing Hospital (347 Beds)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners–Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN-leased Walgreens investment property located in Quincy, Illinois. The tenant, Walgreens, has 11 years remaining on their current initial term with ten (5-year) options to extend, demonstrating their commitment to the site. The site features a drive-thru, enhancing tenant functionality and long-term retail viability. The property also features an attractive assumable financing, providing buyers the opportunity to take advantage of favorable loan terms and potentially below-market interest rates. The lease is an absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.

FOR SALE DETAILS

PRICE

$7,553,000 USD

PRICE/SF

$510 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 11yrs Abs NNN | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

RIC

APN/PARCEL ID

23-5-1679-000-00

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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