The Property features a freestanding 15,000 SF building on a 2.16-acre corner parcel, providing strong intrinsic value and residual real estate within a built-out, high-barrier submarket.
The Property features a co-located Village Medical clinic, a designation held by approximately 200 Walgreens locations nationwide, selected on trade area demographics and store performance. The buildout provides for recurring patient traffic that supports pharmacy and front-of-store volume.
The Property is subject to a long-term Absolute NNN lease with Walgreens which provides for zero landlord responsibilities and a completely passive investment, with the Tenant responsible for all real estate taxes, insurance, maintenance, and structural obligations.
Walgreens recently exercised their first option period with no rental concessions, demonstrating their ongoing commitment to this location and the surrounding Peoria market.