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Views: 107 DOM: 253 Updated: 11.02.24 Posted: 04.13.24 Status: Active

Summary

Price $4,724,409
Built/Renov 2005
Tenant Walgreens
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,547
Lease Start 09-01-2005
#Units 13,532
Price/SF $324.77
Expiration 03-31-2034
Tenant Type Pharmacy
NOI $300,000
R. Term 9.3
Ownership Fee Simple
Rent/SF $20.62
Increases 0.0%/0/yrs
Pop 5Mi 127,219
Lot/AC 2.02
Options 10/5yrs
AHHI 5Mi $88,884

Lease Highlights

  • Walgreens has been operating in this location since 2005
  • The tenant has 9+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Green Bay Road and Wadsworth Road, with access to a combined daily traffic count of 27,700 vehicles. The property holds a competitive advantage in the area, with limited competition nearby. Situated adjacent to Waukegan National Airport and surrounded by numerous single-family communities, the property is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,563 58,162 125,299
2023 Total Population : 3,669 58,921 127,219
2023 Employed Civilian Pop : 1,894 28,935 62,635
2023 Total Businesses : 104 1,084 3,374
2023 Average Household Income : $ 113,848 $ 88,990 $ 88,884
2023 Total Consumer Spending : $ 126 M $ 1606 M $ 3508 M
2023 Median Age : 40 36 35
2023 Total Households : 1,308 20,963 45,762
2023 Pop Age 25+: Bachelor's Degree : 561 5,557 12,798
2023 Average Home Value : $ 292,399 $ 223,449 $ 232,394
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Wadsworth Rd Northern Ave 2011 12,100 0.07 mi
Green Bay Rd Bible Baptist Dr 2014 13,300 0.08 mi
IL 131 W Wadsworth Rd 2021 15,600 0.18 mi
W Wadsworth Rd Cambridge Blvd 2011 11,300 0.37 mi
W Wadsworth Rd Cambridge Blvd 2007 11,800 0.61 mi
W Wadsworth Rd N Pine Grove Ave 2007 11,800 0.79 mi
Green Bay Rd Clarendon Rd 2014 13,300 0.81 mi
W Wadsworth Rd N Lewis Ave 2011 12,100 0.92 mi
Green Bay Rd W 29th St 2013 9,650 0.98 mi
W 33rd St 33rd St 2011 2,050 1.01 mi

Listing Broker

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