Walgreens - Chicago, Illinois
Sales Price: $5,500,000
Cap Rate: 6.25%
Guarantor: Investment Grade Credit (BBB)
Term Remaining: 16 years
The city was eerily quiet during the height of the pandemic, due to the combination of shelter in place and UC Berkeley courses conducted fully remote. Ownership faced difficulty filling three (3) vacancies, and after decades of managing his pride of ownership building a few blocks from campus, was ready to retire from the bay area. NLX helped secured an absolute NNN investment, guaranteed by an investment grade credit tenant in a location with a proven track record of performance.
"Many thanks for being on the ball. Excellent Service! Thank you, my friend!" - Charles
- Property Type
Retail
- Submarket
- Total Acres
0.34
- Last updated
Aug 25, 2023
- Property ID
2187102
