Property Listing No Longer Available for Sale

21368 - SERLING, SERLING, IL

Retail for Sale - $3,150,000 - 15,525 Sq. Ft.


Property Info

CIMLS#135267
Location
  21368 - SERLING
  SERLING IL 61081
UpdatedMay 1st, 2012
TypeRetail
Price$3,150,000
Building15,525 Sq. Ft.

Property Description

This building was constructed in 1995. The building and land is double net leased

which commenced in 1995 and is up for renewal in 2015 when there are (8) five-year options to 2055. The subject property consists of a free standing building and contains a 15,525 square foot building with a drive-thru on 1.61 acres in Sterling Illinois. The property is located on the corner of Highway 2 and Spring St. in the downtown of Sterling, in a strong retail market. Immediate neighbors include KFC, Shell service station, McDonalds and Subway. This is the only Walgreens located in Sterling, IL. Sterling is located 100 miles west of Chicago on the Rock River.

The same owner has another Walgreens for sale in Hoffman Estates, IL. Two properties can be bought in a package at a better price of $3,000,000 each, yielding a 7.35% cap rate.

Double net which commences in 1995 and is up for renewal in 2015 when there are (8) five-year options to 2055. (Br # 21368)

FOR MORE INFORMATION PLEASE CONTACT OLGA ROSADO 305-962-7186 OR RANDY NORTH 954-483-0909