Views: 0 DOM: 95 Updated: 11.07.23 Posted: 09.07.23 Status: Active


Price $1,636,000
Built/Renov 1991
Tenant Walgreens
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 12,023
Lease Start 11-01-1991
#Units 8,896
Price/SF $136.07
Expiration 11-01-2026
Tenant Type Pharmacy
NOI $114,545
R. Term 2.10
Ownership Fee Simple
Rent/SF $9.53
Increases 0.0%/0/yrs
Pop 5Mi 28,306
Lot/AC 0.98
Options 5/5yrs
AHHI 5Mi $57,607

Lease Highlights

  • Walgreens has been operating in this location for 20+ years and recently extended their lease by an additional 10 years
  • Bond Drug Company of Illinois, LLC has over 4.5 years remaining on their initial term with 5 (5-year) option periods left to extend
  • The lease is NN (see page 7 of OM for details)
  • Corporate guaranteed lease
  • Walgreens is an investment grade tenant (S&P: BBB)

Location Description

This Walgreens is strategically located at the signalized, hard corner intersection of W. Galena Avenue and State Highway 26, averaging a combined 32,300 vehicles passing by daily. The property is ideally situated within a dense retail corridor, and is within walking distance to Lincoln Mall, a 185,000 SF Community Center anchored by Bargain Maxx and Dollar General. Additionally, Walgreens is...



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  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:8,896
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • 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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,969 24,389 26,514
2023 Total Population : 8,206 25,051 27,234
2023 Employed Civilian Pop : 3,643 10,714 11,859
2023 Total Businesses : 480 1,082 1,169
2023 Average Household Income : $ 51,686 $ 65,701 $ 68,229
2023 Total Consumer Spending : $ 166 M $ 638 M $ 721 M
2023 Median Age : 39 44 45
2023 Total Households : 3,659 11,118 12,123
2023 Pop Age 25+: Bachelor's Degree : 564 2,554 2,799
2023 Average Home Value : $ 92,513 $ 113,568 $ 125,057
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W Galena Ave Evergreen St 2005 17,900 0.04 mi
N West Ave W Ordway St 2005 13,100 0.05 mi
W Galena Ave N Trunck Ave 2005 17,900 0.06 mi
W Galena Ave N Railroad Ave 2005 10,100 0.07 mi
IL 26 W Ordway St 2021 10,600 0.11 mi
W Galena Ave N Lemon Ave 2005 10,100 0.13 mi
N West Ave W Galena Ave 2005 14,400 0.14 mi
N West Ave W Cottonwood St 2005 13,100 0.15 mi
US 20 Business N Island Ave 2021 12,600 0.15 mi
North West Avenue 2019 6,350 0.17 mi

Listing Broker

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