Walgreens - Net Lease Property for Sale
Forest Park, IL
Key Investment Metrics
Price
$5,027,262
Cap Rate
6.5%
Net Operating Income
$326,772
Building Size
12209 SF
Lot Size
12,209 SF
Land Area
0.89 Acres
Remaining Term
12.2 years
Lease Expiration
02/28/2038
Lease Term
15 years
Lease Commencement
02/23/2023
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
1995
Occupancy
100%
Tenancy
Single
Rent Increases
5.00% Every 5 Years
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Forest Park, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 12209 square feet of building space and was built in 1995.
With a cap rate of 6.5%, this Walgreens net lease property offers stable income potential. The asking price is $5,027,262, making it an attractive option for 1031 exchange investors seeking quality Walgreens commercial properties.
Why Invest in Walgreens NNN Properties?
- Stable Income: Walgreens net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Walgreens is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Forest Park, IL Market Overview
Located in Forest Park, IL, this Walgreens property benefits from strong local demographics and market fundamentals. The Forest Park area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.