Dixon Walgreens NNN Lease
1275 N Galena Ave Dixon, IL 61021
1275 N Galena Ave, Dixon, IL, 61021
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For Sale
Contact for pricing
Pending
Long-term NNN lease with rare 5% rent increases every 5-years.
Days on Market101
Property Features for 1275 N Galena Ave
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency
Marcus & Millichap - Nashville
Listed by
Jason Hernandez · License #CA 01392646
Source
Crexi
Added: Apr 11 Updated: Jul 10 at 1:33 pm Checked: Jul 19 at 9:49 am
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Investment Insights
Based on property information with market context.
This commercial property is under a long-term Absolute NNN Lease, meaning there are no landlord management or maintenance responsibilities. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. The lease includes 5% rent increases every 5 years during the original term and the twelve 5-year renewal options, potentially providing more cash flow than a traditional flat Walgreens lease. The property features a drive-through lane. It is located on a signalized hard corner with frontage along N. Galena Avenue and 4th Avenue, with combined traffic counts of 17,400 VPD. The property has a 30-year operational history. It is located approximately 1.5 miles north of KSB Hospital, which has 80 beds and employs close to 1,000 people in the main hospital and surrounding clinics. As a pharmacy-led health care company, Walgreens Boots Alliance works to ensure the safety and well-being of their colleagues, patients, and customers. Their retail pharmacies provide up-to-date information and public health guidelines to customers, and their emergency response teams work with the United States federal government to expand access to COVID-19 testing. The property is located in Dixon, IL.
Key Highlights
- Long‑term Absolute NNN Lease offers a truly passive income stream with zero landlord responsibilities.
- Guaranteed by Walgreen Co., providing stability and security.
- Rare 5% rent increases every 5 years during the original term and renewal options, significantly enhancing cash flow.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
FedEx OnSite
Postal Service
Coinhub Bitcoin ATM ...
Atm
COVID-19 Drive-Thru Testing ...
Pharmacy
Walgreens
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- COVID-19 Drive-Thru Testing at Walgreens — 1275 N Galena Ave, Dixon, IL 61021
- Akilavanith Madheswaran — 1275 N Galena Ave, Dixon, IL 610211001
- James Pietryga — 301 N Galena Ave, Dixon, IL 610212113
- Ted Cooper — 301 N Galena Ave, Dixon, IL 610212113
- JessiLynn LLC — 309 Lincoln Way, Dixon, IL 61021
FAQs
What type of property is this?
Drug store - Long-term NNN lease with rare 5% rent increases every 5-years.
Where is this drug store located?
The property is located at 1275 N Galena Ave Dixon, IL.
What are key features of this property?
This property features: Long‑term Absolute NNN Lease offers a truly passive income stream with zero landlord responsibilities.; Guaranteed by Walgreen Co., providing stability and security.; Rare 5% rent increases every 5 years during the original term and renewal options, significantly enhancing cash flow.
