Walgreens Absolute NNN Drugstore Asset Chicago Illinois

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

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