833 115Th StChicago, IL 60643

This exceptional investment opportunity presents a fee-simple Walgreens property located at 833 W 115th St, Chicago, IL 60643. The 14,820 square foot building sits on a 1.26-acre lot and is currently vacant, offering a substantial upside potential. The property boasts an absolute NNN lease with a credit-rated tenant, Walgreens, ensuring a secure income stream. The lease commenced on May 1, 2006, and expires on May 31, 2031, leaving a remaining term of approximately seven years. The asking price is $4,200,000, translating to a price per square foot of $283.40 and a compelling 10.80% cap rate, generating a current NOI of $420,000. The property's strategic location, just 15 miles from downtown Chicago, adds further value. Its proximity to the proposed 12-acre mixed-use development, "Morgan Hose Commons," across the street, suggests significant future growth potential. This is a rare chance to acquire a high-yield, low-risk retail investment in a rapidly developing area of Chicago. The property is offered as fee title ownership, providing complete control and ownership benefits. All offers are welcome.