Walgreens

7200 Roosevelt Rd, Forest Park, IL 60130

$5,027,262

Cap Rate 6.50%

View OM

DOM: 27 Updated: 09.16.25 Posted: 09.16.25 Status: Active 09.16.25

Summary

Price $5,027,262	Built/Renov 1995	Tenant Walgreens
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 12,209	Lease Start 02-23-2023	#Units 12,500
Price/SF $411.77	Expiration 02-28-2038	Tenant Type Pharmacy
NOI $326,772	R. Term 12.4	Ownership Fee Simple
Rent/SF $26.76	Increases 5.0%/5/yrs	Pop 5Mi 623,435
Lot/AC 0.89	Options 12/5yrs/5%	AHHI 5Mi $85,565

Armond Aivazyan

Surmount

Contact

Highlights

Recently Executed 15-Year Absolute NNN Lease with 5% Increases Every 5 Years.
Newly signed in 2023, the lease has just under 13 years remaining, and includes 5% rent escalations every five years through the primary term and 12 x 5-year renewal options.
Essential Retail Pharmacy remains a resilient category, driven by consistent in-store demand from prescriptions, convenience goods, and health services, positioning this asset as a durable performer through economic cycles.
Lease Guaranteed by Walgreens Corporate Entity, one of the nation's largest drugstore chains, operating more than 8,600 locations across all 50 states. The company reported $147.7 billion in sales for fiscal year 2024.
Walgreens has operated at this location for nearly 30 years, signaling long-term operational success and tenant commitment to the site.
Investors benefit from fee simple ownership, providing full control over the asset and potential depreciation and tax advantages.

Location Description

SURMOUNT is pleased to present the exclusive listing for a Walgreens located at 7200 Roosevelt Road, Forest Park, IL 60130. The site consists of roughly 12,209 rentable square feet of building space on an estimated 0.89-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/23/2023. The current annual rent is $326,772 and has scheduled increases...

...

Key Features

Signalized intersection
Build to suit
In location for years
Major thoroughfare
Central metro location
Strong demographics
Major MSA
Recently extended lease
Absolute NNN
Corporate Guarantee

...

Links

Walgreens Wikipedia Walgreens Wikipedia Forest Park, IL Zip Code 60130 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walgreens
Guarantor:Corp T and Rated
Company:Walgreens Boots Alliance
# Units:12,500
Tenant S&P: BB-
Moody’s: Ba3
Stock: NASDAQ: WBA

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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	28,512	251,888	655,856
2025 Total Population :	29,118	256,787	670,682
2025 Employed Civilian Pop :	16,522	135,740	339,274
2025 Total Businesses :	864	7,185	16,039
2025 Average Household Income :	$ 125,136	$ 114,743	$ 101,504
2025 Total Consumer Spending :	$ 1254 M	$ 9855 M	$ 21861 M
2025 Median Age :	39	39	38
2025 Total Households :	11,710	99,388	248,362
2025 Pop Age 25+: Bachelor's Degree :	5,258	35,101	75,369
2025 Average Home Value :	$ 391,732	$ 401,873	$ 357,170

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Roosevelt Road	S 1st Ave	2022	26,200	0.02 mi
Roosevelt Rd	Elgin Ave	2014	27,800	0.05 mi
West Roosevelt Road	S Maple Ave	2022	19,200	0.06 mi
South Maple Avenue	Roosevelt Rd	2018	20,600	0.08 mi
Marengo Avenue	Roosevelt Rd	2018	27,800	0.09 mi
West Roosevelt Road	S Central Ave	2022	19,200	0.11 mi
Circle Avenue	Roosevelt Rd	2022	26,200	0.15 mi
IL 43		2021	36,100	0.23 mi
Wenonah Ave	13th St	2010	291	0.27 mi
		2022	3,400	0.27 mi

Listing Broker

Armond Aivazyan

Surmount

Contact

6 Listings
0 Views
0 Sold

Armond Aivazyan

Armond Aivazyan is a Senior Vice President with Surmount. Armond joined NNN Pro in 2024 and specializes in net-lease property dispositions, acquisitions, 1031 exchange transactions, and sale-leasebacks, providing tailored property valuation and portfolio strategies to clients nationwide. With over a decade of experience, Armond has closed transactions with an aggregate value exceeding $500 million, with transaction sizes ranging from $1 million to $60 million. He has successfully advised REI

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT