Walgreens - Swansea, IL_Property for Sale
Walgreens - Swansea, IL_Property for Sale
2532 North Illinois Street, Swansea, IL, 62226, US

Walgreens - Swansea, IL

Asset Description

JLL is pleased to exclusively offer for sale the Walgreens (the “Tenant”) at 2532 North Illinois Street in Swansea, IL (the “Property” or the “Asset”). With over 277,000 visitors per year, this location also has strong reported store level sales of $2,234,000 (excluding RX). The Property is favorably situated along North Illinois Street and Fullerton Road, which benefits from its direct exposure to more than 33,200 VPD. The Property is adjacent from Swansea Plaza, a high performing shopping center that attracts over 1.7 million annual visitors, per Placer Ai. Located along North Illinois Street, the McDonald’s is ranked in the 78th percentile of McDonald’s stores within a 15-mile radius, and the Scooter’s Coffee is ranked in the 93rd percentile of Scooter’s Coffee stores in the nation (per Placer.ai). Less than a mile from the Property is High Mount School, which has over 350 students enrolled. The Asset’s surrounding 1-mile radius is comprised of 6,377 residents with an average annual household incomes exceeding $109,570.


The Tenant has 10+ years remaining on their NN lease with minimal landlord responsibilities. This offering presents a passive income opportunity for investors seeking growing, long-term cash flow backed by industry-leading tenancy in a premier market with exceptional real estate fundamentals.


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Attributes

Asking price
SEK 34,085,000
Cap rate
7%
NOI
SEK 2,386,000
WAULT
10.1 years
Occupancy
100%
Building area net
1,292 m²
Year built
1997

Media

Investment Highlights

  • Tenant has over 10.1 years remaining on a NN lease structure with minimal landlord responsibilities
  • Prime location along North Illinois Street and Fullerton Road, gaining direct exposure to upwards of 33,200 VPD
  • Situated next to Swansea Plaza, a thriving shopping center that draws more than 1.7M visitors each year, according to Placer Ai data
  • Affluent Indianapolis market approximately 15-mi east of downtown St. Louis AHHI within 1-mi of the Subject Property exceed $109,000
  • Over 114,000 residents within a 5-mi radius
  • The McDonald's establishment on North Illinois Street ranks in the top 22% of McDonald’s locations within a 15-mile radius, while the Scooter’s Coffee is among the top 7% of Scooter’s Coffee stores nationwide (per Placer.ai statistics)
Walgreens - Swansea, IL 4_Property for Sale

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Walgreens - Swansea, IL (0 Properties)

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Last updated
15 Jul 2024