7200 Roosevelt Rd - Drug Store FOR SALE


Forest Park, IL 60130
$5,027,262 USD
332-345-4222
7200 Roosevelt Rd, Forest Park, IL for Sale
$5,027,262 USD
Drug Store - FOR SALE
1/2
null | 6.5% Cap Rate

7200 Roosevelt Rd
Forest Park, IL 60130


HIGHLIGHTS

  • Recently Executed 15-Year NNN Lease with 5% Increases Every 5 Years
  • Absolute NNN Lease – No Landlord Responsibilities
  • Essential Retail Tenant in a Defensive Asset Class

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Walgreens located at 7200 Roosevelt Road, Forest Park, IL 60130. The site consists of roughly 12,209 rentable square feet of building space on an estimated 0.89-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/23/2023. The current annual rent is $326,772 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$5,027,262 USD

PRICE/SF

$412 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

15-24-204-003-0000,15-24-204-004-0000,15-24-204-005-0000,15-24-204-006-0000,15-24-204-020-0000,15-24-204-041-0000,15-24-204-042-0000,15-24-204-043-0000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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