Chicago Area, Class-A Essential Business Property
Acquired by NAS Investment Solutions
Acquisition Creates Limited Time Opportunity for Investors Seeking Property for an Immediate 1031 Exchange
NAS Investment Solutions (NASIS), a national sponsor of high-quality real estate investment properties, has acquired a Class-A, 14,833 square-foot, essential business property in Burbank, IL. Located approximately 15 miles southwest of downtown Chicago, the property is 100% leased to Walgreens, a nationwide retail pharma operator and an investment grade tenant. Walgreens’ parent company, Walgreens Boots Alliance [NASDAQ: WBA] has corporately guaranteed a 17+ year, absolute NNN lease.
Walgreens is one of the oldest and largest pharmacy store chains in the nation. Built in 2013, this location features a pharmacy drive thru window. The property is situated in a densely populated area at a signalized intersection with an estimated daily traffic count of 50,000 autos. The property has 62 parking spaces on a total lot size of 54,866 sq ft.
The acquisition creates an opportunity for 1031 Exchange investors who are in immediate need of a quality replacement property. It is also suitable for self-directed IRAs and represents a narrow window of opportunity for accredited investors to participate in an investment that is projected to deliver an annual 5.75% cash-on-cash return beginning on day one.
“This investment property is a great opportunity to purchase fractional interest in a prime, recession-resistant asset with dependable, predictable cash flow that is non-correlated to Wall Street performance,” commented Karen E. Kennedy, President and Founder of NAS Investment Solutions and National Asset Services. “There is a strong demand for high quality real estate investments with investment grade tenants in strong suburban markets such as Burbank. Investors are turning to quality commercial real estate as an investment alternative that is insulated from Wall Street uncertainty.”
Assuming responsibilities for asset management and property management for the newly acquired property is National Asset Services (NAS), one of the Nation’s leading commercial real estate companies.
Accredited investors seeking more information on this sponsor-owned property should contact Karen E. Kennedy at 310.988.4240.
