12854 Ashland Ave Calumet Park, IL 60827

Property Details for 12854 Ashland Ave

Year built

2006

Lot size

1.32 lot acres

Property size

3,600 SF

Property type

Grocery and convenience stores

Description

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.

Location Insight

City

Calumet Park

County

Cook

State

Illinois

Longitude

-87.6613626

Latitude

41.6589774