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2532 N Illinois St, Swansea, IL, 62226

Walgreens

$2,715,054

Key Information

Cap Rate
8.25%
Tot. SF
13,905
Lot Size
1.82 Acres
Year Built
1997
Term Remaining
± 8 Years
Type
Retail
NOI
$223,992

Highlights

• Walgreens has been at this location for over 22 years and recently executed a lease extension, proving their commitment to the site
• ±8 years remaining on the base term of a NN+ lease, with Eight 5-year extension options.
• 5-Mile population of 125,700 residents
• Affluent demographics with an average household income of $93,400 (5 mile radius)
• Located roughly 30 minutes from Downtown St. Louis
• Located across the street from Swansea Plaza which boasts national tenants like Schnucks Market, Dollar Tree, McDonalds, Etc.
• Walgreens is the nation’s second largest pharmacy store chain with over 8,700 locations serving roughly 9 million customers per day. Roughly 78% of Americans live within a 5-mile radius of a Walgreens location.
• Corporately guaranteed lease from Walgreens
• Considered an essential retailer, Walgreens has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661