Normal, IL 61761

Walgreens Portfolio | 4 Locations Nationwide

Property Address

505 West Raab Road, Normal, IL, USA

Offering Summary

  • Price: $28,500,000
  • Lot Size: 1.51 Acres
  • Cap Rate: 5.25%
  • Year Built: 2009
  • Building SF: 14,490
  • Status: Available
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  • This Deal is Part of a Portfolio of Four Walgreens – All Listings in the Portfolio Must be Purchased Together – Portfolio is Priced at $28,500,000 / 5.25%
  • Absolute Triple-Net (NNN) Corporate Lease with Walgreens
  • 14 Years Remaining on Lease Term
  • 114,279 Residents within a 5-Mile Radius
  • Hard Corner at the Intersection of West Raab Road and Bradford Lane - Visible to 13,800+ Cars/Day
  • College Town Location - 1 Mile North of Illinois State University (20,878+ Students)
  • Surrounded by National Retailers - Starbucks, Schnucks, Anytime Fitness, Burger King, McDonald’s, Dollar General, and More
  • Immediately Off the I-55 Freeway (27,580+ Cars/Day), a Major Illinois Connector with Direct Access to Springfield and Chicago
  • Average Household Income Exceeds $85,000 within 5 Miles of Subject Property
  • 3 Miles from Carle BroMenn Medical Center (221-Bed Facility)

Broker Information