Walgreens - Strong Store Sales | 4830 Grand Ave
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Walgreens - Strong Store Sales 4830 Grand Ave
15,050 SF Retail Building Gurnee, IL 60031 $4,154,000 ($276/SF) 6.50% Cap Rate
Investment Highlights
- Strong Store Sales Volume
- Recently Executed 5 Year Lease Extension – Showcasing Strength of this Location
- STNL Walgreens (Fee Simple) – Investment Grade Credit Tenant Rated “BBB-” by Fitch
- Approximately 4 Lease Years Remaining – Net Leased Asset Minimal Landlord Responsibilities
Executive Summary
We are pleased to offer to qualified investors an opportunity to purchase a single tenant net leased investment (fee simple) that is fully occupied by Walgreens with approximately 4 lease years remaining and seven (7), five (5) year option periods. Showcasing the strength of this retail location, Walgreens has just elected to extend the lease through December 2026. Located in Gurnee, IL, the subject property is positioned at the intersection of Grand Ave and Riverside Dr which has over 29,500 VPD and is located near major traffic generators such as Six Flags Great America and just off Interstate 94. This is an excellent opportunity to own an investment grade credit tenant (rated “BBB-” by Fitch) on a hard corner signalized intersection with approximately 4 lease years remaining and minimal landlord obligations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,050 SF
Building Class
C
Year Built
2001
Price
$4,154,000
Price Per SF
$276
Cap Rate
6.50%
NOI
$270,010
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.35 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07-14-301-023 | Improvements Assessment | $50,021 |
| Land Assessment | $230,922 | Total Assessment | $280,943 |
PROPERTY TAXES
Parcel Number
07-14-301-023
Land Assessment
$230,922
Improvements Assessment
$50,021
Total Assessment
$280,943
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Walgreens - Strong Store Sales | 4830 Grand Ave
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