110 Walnut Street, Highland, IL, USA

Highland, Illinois

Google Map

Total Square Feet

±14,820 SF

Asking Price

$3,620,000

Lease Type

Absolute NNN

Cap Rate

7.73%

Walgreens pays real estate taxes directly to the taxing authority and carries all property and liability insurance
Tenant maintains and replaces the roof, structure, parking lot and every other element of the premises
The lease is a corporate lease with Walgreen Co., with no operating subsidiary or single-purpose entity between the Landlord and the credit
Walgreen Co. remains liable for the full term notwithstanding any assignment, so a transfer cannot impair the covenant
Freestanding building on ±1.35 acres at the southwest corner of US Highway 40 and Walnut Street, with frontage on both
Drive-through pharmacy and surface parking held for the exclusive use of the tenant under the lease
12,311 residents live within three miles of the property in an established Metro East community
St. Joseph’s Hospital Highland, less than one mile north, operates a 68,000 SF campus on 50 acres serving more than 35,000 residents across three counties