Published on: Friday, August 23, 2024
Updated on: Friday, August 23, 2024
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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  Walgreens – Highland IL.
110 Walnut St Highland Illinois , 62249
110 Walnut St Highland Illinois , 62249NNN Investment Group
Listing ID: CL-Illinois-11538

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6.5
Net Operating Income: $280,000
Commission Split (%): 0
Quick Glance
Listing ID: CL-Illinois-11538
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2004
Building Size: 14,820.00 SqFt
Lot Size: 58,806.00 Acre
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Lee & Associates and Bang Realty are pleased to present an investment opportunity in a Walgreens located in Highland, IL. With absolute triple net lease structure and no landlord responsibilities, this is an attractive asset for a qualified investor.
Complete Details
Year Build: 2004
Building Size: 14,820 SqFt.
No of Stories: 1
Total Lot Area: 58806 Acre
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description
The fee simple interest of a Walgreens investment property located in Highland, Illinois (the “Property”). Built in 2004, the Property consists of a 14,820-square-foot retail building with a drive-thru that sits on an approximately 1.35-acre parcel. Walgreens shows commitment to this site with a newly inked lease extension that just commenced. This location has strong reported sales and a healthy 10% rent to sales ratio. Absolute-NNN lease structure and no landlord responsibilities.
Additional Properties
Property Highlights
  • Strong Reported Sales – 10% Rent to Sales Ratio – Mitigated Future Vacancy Risk
  • Early Lease Extension (July 2024) – 11.5 Years Remaining on Absolute NNN Lease
  • Out Positions & Outperforms CVS within Highland Market – Walgreens Receives Double the Customer Visits (Source: Placer.ai)
  • Critical Business Driver – Less than 1 Mile from HSHA St. Joseph’s Hospital – Serving Highland and Surrounding Communities for over 135 Years
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$280,000
$0
0%
Cash Flow for Current Listings
Listing Location
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