Sands Investment Group is Pleased to Exclusively Offer For Sale the Walgreens Absolute NNN Asset Located at 3220 W 111th Street in Chicago, Illinois. Walgreens Has Just Under 12-Years Remaining on the Absolute Triple Net Lease With Ten (10) Five (5) Year Options to Extend and Zero Landlord Responsibilities. This Long Term, Management Free Opportunity, Provides For an Ideal Investment For a Passive Investor
STRONG PERFORMER; STORE SALES ABOVE THE CHAINWIDE AVERAGE: Current Reported Store Sales Are Well Above the Chainwide Average and Have Increased By 17% Over the Recent 4-Year Period; 2023 Reporting Will Be Available in November of This Year; Please Call the Broker to Discuss Sales Reporting
RELOCATION STORE; ESTABLISHED OPERATING HISTORY IN MOUNT GREENWOOD: Redeveloped in 2010, This Store Replaced an Older Walgreens Building on This Site; Situated in the Mount Greenwood Neighborhood in South Chicago, Walgreens Has Been Operating in This Area For Many Years; The Decision to Upgrade This Store in the Neighborhood Solidifies the Company’s Commitment to the Neighborhood and This Location
AFFLUENT AND SAFE NEIGHBORHOOD WITH HOUSEHOLD INCOMES ABOVE $100K: The 1-Mile Ring Around the Property in the Mount Greenwood Neighborhood Consists of More Than 20,000 Residents With an Average Household Income of More Than $116,000; The Dense Residential Area and Lack of Developable Land Creates a Natural Barrier For New Competition; Additionally, Mount Greenwood is One of the Safest Neighborhoods in Chicago and is Home to Many Police, Firefighters, and Veterans; Please See Links: “5th Safest Neighborhood in Chicago” and “1st in Livability”
EXCELLENT FUNDAMENTAL REAL ESTATE: The Property Features a Transit-Oriented Location With Excellent Visibility and an Attractive Curb Appeal at the Signalized Intersection of 111th St and Kedzie Avenue; Combined Traffic Counts For This Intersection Exceed 41,000 Vehicles Per Day; The Site Has More Than 50 Car Parking Spaces, Multiple Access Points and is Situated Directly Behind Covered Seating For the Chicago Transit Authority Bus Stop #18599
NOTABLE ECONOMIC DRIVERS NEAR/IN MOUNT GREENWOOD: Notable Local Drivers Within a Few Miles of the Property Include the Advocate Christ Medical Center, a 788- Bed Facility With More Than 1,500 Affiliate Physicians and Saint Xavier University, a Private Roman Catholic University With a Total Enrollment of Over 3,500 Students and More Than 360 Academic Staff
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429
Walgreens Boots Alliance (NASDAQ: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling. A trusted, global innovator in retail pharmacy with approximately 13,000 locations across the U.S., Europe and Latin America, WBA plays a critical role in the healthcare ecosystem. WBA’s purpose is to help people across the world lead healthier and happier lives. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. The company’s businesses have been recognized for their Corporate Social Responsibility. Walgreens was named to FORTUNE* magazine’s 2019 Companies that Change the World list and Boots UK was recognized as Responsible Business of the Year 2019-2020 by Business in the Community.WBA is included in FORTUNE’s 2019 list of the World’s Most Admired Companies, ranked first in the food and drugstore category. This is the 26th consecutive year that WBA or its predecessor company, Walgreen Co., has been named to the list.