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Property Overview
Price/Rent PSF $ 5,400,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 14,800
Date Available 10/12/2018
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Description

Location
North Aurora, Illinois, in Kane County, is 3 miles NW of Aurora, Illinois and 35 miles W of Chicago, Illinois. The village is part of the Chicago metropolitan statistical area (MSA).

As of a Special Census conducted in 2016, the population of North Aurora is 17,441. The Village offers many parks, a nature center and bike trails along the Fox River corridor. The Village features a vibrant downtown shopping district and a variety of retail establishments along the Orchard and Randall Road corridors. In addition, North Aurora has the largest Auto Mall retail setting in the Fox Valley. North Aurora is located along Interstate 88, which offers an attractive and fast way to visit downtown Chicago, and is a part of the Lincoln Highway Corridor, which stretches across the U.S.

Sale
SVN | Stewart Commercial Group, LLC is pleased to exclusively market for sale a net leased Walgreens property located in the high-quality market of North Aurora, IL which is a part of the Chicago MSA. The property provides for zero landlord responsibilities and will be sold free and clear of debt. The in-place Net Operating Income is $325,000 annually. The lease structure is true NNN and has over 12 years of firm term remaining. The firm term runs through 8/31/2030 with ten 5-year options thereafter. The 14,800 square foot building, constructed in 2005, features a drive-thru pharmacy and is situated on 1.91 acres. The property is located at the signalized intersection of Oak Street and N. Randall Road and benefits from significant nearby single-family housing and apartment community density.

Location

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