Pharma Property Group Exclusively Lists Walgreens Portfolio in Chicago, Illinois
SAN DIEGO, Oct. 26, 2016 /PRNewswire/ -- Pharma Property Group has exclusively listed a portfolio of three Walgreens properties located in the suburbs of Chicago. The properties are located in the communities of Indian Head Park, Lombard and Lansing.
The properties can be delivered free and clear of debt either individually or as a portfolio. Annual income for the portfolio is $1,032,000 and the offering price is $15,296,044 for an asking CAP rate of 6.75%. The individual asking prices for each location are: Indian Head Park ($4,928,000), Lombard ($5,259,200) and Lansing ($5,108,800).
"This portfolio is a rare opportunity to purchase three quality Walgreens assets in the Chicago MSA. Each Walgreens offered in the portfolio is located within 20 miles of downtown Chicago on signalized corners with traffic counts ranging from 30,000 to 60,000 vehicles per day and population counts exceeding 250,000 residents in a five-mile radius," said Jason Pongsrikul, Managing Principal at Pharma Property Group.
Pongsrikul continued, "Each Walgreens store in the portfolio has been open for over 18 years with annual sales volumes well above the national average. The consistently high sales volumes at each store show that these locations have a loyal and established customer base within the local communities."
Based in San Diego, California, Pharma Property Group provides real estate investment services for Walgreens & CVS landlords nationwide.
For more information about Pharma Property Group visit www.pharmapropertygroup.com or contact its Managing Principal, Jason Stuart Pongsrikul at (619) 297-0055.
Pharma Property Group is a specialized national commercial real estate brokerage firm providing investment services for drugstore landlords who own Walgreens, CVS and Rite Aid properties throughout the nation.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
www.pharmapropertygroup.com
Office: (619) 297-0055
SOURCE Pharma Property Group
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