680 E Boughton Rd - Drug Store FOR SALE
Bolingbrook, IL 60440 |
680 E Boughton Rd
Bolingbrook, IL 60440
HIGHLIGHTS
- 7.75% CAP absolute net leased Walgreens with zero landlord responsibilities - fully passive investment structure
- Walgreens has over 8 years of primary lease term remaining on an original 25-year lease
- Higher yield asset, particularly compared to competing drug stores on the market
- Exceptional underlying real estate on the hard corner of East Boughton and Feather Sound Drive, Bolingbrook’s primary retail node just west of I-355
- Directly across the street from The Promenade Bolingbrook Mall. Proximate to additional retail properties anchored by Costco, Meijer, and IKEA
- Desirable demographics with over 75,000 people and $114,000 average income within a 3-mile radius
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
7.75% CAP WALGREENS | ABS NET LEASE | +8 YRS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
14820
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
12-02-01-111-041
