12854 Ashland Ave Calumet Park, IL 60827

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.