Walgreens
Hometown, IL 60456
8701 S Cicero
Hometown, IL 60456
  • Asking Price: $7,519,000
  • Cap Rate: 6.45%
  • Lease Type: NN
  • Status: Available
PROPERTY DETAILS:

Signalized Hard Corner – Situated at the intersection of S. Cicero Ave. and W. 87th St. featuring exposure to approximately 77,000 VPD. • Dense Retail Corridor – A 272,000 SF shopping center is across the street and is anchored by Fairplay Foods, LA Fitness, and Homeowners Bargain Outlot. Other nearby retailers include: Jewel-Osco, Lowe’s, Toys R Us, AutoZone, Just Tires, PNC Bank, and more. • 1.5 Miles from Advocate Christ Medical Center – The 749-bed hospital sees more than 100,000 patients annually making it one of the busiest trauma centers in the state. • Strong Store Sales – Walgreens has been at this location for over 14 years and has above national average store sales. • Near Midway International Airport – The regional hub for Southwest Airlines is 3.5 miles north and caters to more than 22M annual passengers, adding to the dense local population. • Dense Chicago MSA Demographics – Close to 90,000 residents with an average household income of $71,000 and a daytime population of 64,000 within 2 miles. • Investment Grade Credit – Walgreens Boots Alliance had FYE 2016 revenue of $117B with investment grade credit of BBB (S&P).