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    12854 Ashland Ave Calumet Park, IL 60827

    Sponsored
    For Sale
    $4,493,000

    High-yield Walgreens NNN lease in IL

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 3,600 square foot Walgreens located at 12854 S Ashland Ave, Calumet Park, IL 60827. The property boasts a strong 7.10% cap rate and a substantial net operating income (NOI) of $318,780. Secured by a corporate guarantee from Walgreens, this absolute NNN lease offers significant long-term security with 11.5+ years remaining. The lease includes favorable 5% rent bumps every 5 years, providing inflation protection. Built in 2006, this well-maintained property sits on a 1.32-acre lot and benefits from a prime location near the exit of Interstate 57 (102,000 VPD), surrounded by a thriving retail environment including Planet Fitness, Aldi, and McDonald's. The property is situated in a densely populated area with over 126,000 residents within a 3-mile radius, ensuring consistent customer traffic. The asking price is $4,493,000, translating to $1,248.06 per square foot. Lease options include a 12-year and five-year renewal. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a blue-chip tenant.

    Property Features for 12854 Ashland Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,600 SF
    Lot Size
    57,499 SF

    Building Details

    Year Built
    2006

    HighLights

    • Absolute NNN lease with 11.5+ years remaining.
    • 5% rent increases every 5 years throughout the base term.
    • Walgreens (S&P rated BBB-) provides long‑term security.
    • Located in a dense market with over 126,000 residents within a 3‑mile radius.
    • Prime location near I‑57 exit (102,000 VPD), with nearby retailers including Planet Fitness, Aldi, and McDonald's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor COVID-19 Drive-Thru Testing ... Pharmacy Walgreens Drug Store Coinhub Bitcoin ATM ... Atm Tiajuana Dixon Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Calumet Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.6613626
    Latitude
    41.6589774

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens NNN lease in IL
    Where is this individual retail property located?
    The property is located at 12854 Ashland Ave Calumet Park, IL.
    What is the asking price?
    The asking price for this property is $4,493,000.
    What are key features of this property?
    This property features: Absolute NNN lease with 11.5+ years remaining.; 5% rent increases every 5 years throughout the base term.; Walgreens (S&P rated BBB-) provides long-term security.
    Request Owner's contact information
    12854 Ashland Ave Calumet Park, IL 60827
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12854 Ashland Ave Calumet Park, IL 60827
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