12854 S Ashland Ave | Riverdale, IL 60827
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12854 S Ashland Ave
Riverdale, IL 60827
Walgreens · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with 11.5+ years remaining.
- Walgreens is S&P Rated BBB- providing long-term security.
- Positioned near the exit of interstate 57 which has a traffic count of 102,000 VPD.
- Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
- Located in a dense market with a population of over 126,000 within a 3-mile radius.
- Neighboring retailers include Planet Fitness, Aldi, Advanced Auto, McDonalds and many more.
Executive Summary
Triple Net Tenant Walgreens
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
C
Year Built
2006
Price
$4,493,000
Price Per SF
$310
Cap Rate
7.10%
NOI
$318,780
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.42 AC
Parking
55 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
146 FT on S Ashland Ave
PROPERTY TAXES
| Parcel Number | 25-31-204-029-0000 | Improvements Assessment | $83,975 |
| Land Assessment | $28,758 | Total Assessment | $112,733 |
PROPERTY TAXES
Parcel Number
25-31-204-029-0000
Land Assessment
$28,758
Improvements Assessment
$83,975
Total Assessment
$112,733
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