Walgreens NNN Property For Sale — Chicago, IL · 12,500 SF
Chicago, IL 60618
This investment opportunity features a Walgreens located at 2301 W Irving Park Rd in Chicago's North Center neighborhood. The property benefits from a strategic location at the signalized hard corner of W Irving Park Road and N Oakley Ave, with a combined 30,000 vehicles per day. A rare, oversized parking lot for an urban setting presents excellent future redevelopment potential. The existing low rent offers significant upside. Walgreens has approximately two years remaining on its lease, with three five-year renewal options. The location boasts a population exceeding 251,000 within a two-mile radius, and is directly across from The Martha Washington Senior Apartments and within one mile of Kindred Hospital Chicago North, making it a strong long-term investment.
- Address: Chicago, IL 60618
- Asking price $4.13M
- 6.00% cap rate
- NOI $247,500
- 2 years remaining
- unknown lease
- Year built: 1991
- Building size: 12,500 SF
- Lot size: 0.76 acres
- Guarantor: Corporate
Location
This Walgreens property is in Chicago, Illinois.
Asset type: Retail