Sold December 2021 – Walgreens – Dyer, IN

770 JOLIET ST

DYER, IN

Property Highlights

  • Walgreens is an investment grade rated tenant
  • Long term lease with a primary term that runs through May of 2037
  • Significantly above average reported store sales
  • Tremendously located pharmacy less than one mile east of Franciscan Health Dyer Medical Center with over 200,000 SF of medical office in immediate area
  • 30 Miles from downtown Chicago
  • Desirable option structure with seven 5-year options
  • Brand new roof installed with warranty to be assigned at closing
  • Recent 15 year lease extension demonstrates commitment to location
  • 131,946 people living within 5 miles of site
  • Average household income of $100,102 within 5 miles of property
  • Located at the hard corner of a signalized intersection (Approx. 60K VPD)
  • Positioned directly across from Jewel-Osco (Albertsons) anchored shopping center
  • Retailers in immediate area include: Chase Bank, Starbucks, Wendy’s, Speedway, GameStop, Jimmy John’s, Orange Theory, Sherwin Williams, McDonald’s, Sherwin Williams , Taco Bell and many others
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Property Information

  • Property: Sold December 2021 – Walgreens – Dyer, IN
  • Price: $7,390,000
  • Cap Rate: 5.07%
  • Building Size: 15,120 SF
  • NOI: $375,000
  • Lease Type: NN
  • Tenant: Walgreens
  • Status: SOLD