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1301 E Algonquin Rd 13,905 SF Retail Building Algonquin, IL 60102 $2,850,000 ($204.96/SF) 9.08% Cap Rate
Investment Highlights
- • Walgreens Co. – Strong Corporate Lease Guaranty – $154 Billion in Revenue (2025) – 8,700 Locations in 50 States
- • Located on east side of Algonquin which is experiencing a burst in commercial growth
- • New roof in 2021 with 20 year warranty, all new parking lot lighting installed in 2024, building in good condition
- • Absolute NNN Lease – Zero Landlord Responsibilities – 27 Year Successful Operating History
- • Prominent visibility with exposure to over 34,000 vehicles per day
Executive Summary
Resource Commercial Advisors is pleased to present the opportunity to acquire a single-tenant Walgreens located at 1301 E. Algonquin Road in Algonquin, Illinois, within the greater Chicago MSA. The property consists of a 13,905 square foot retail building situated on approximately 2.01 acres. Walgreens has occupied the building for over 25 years and operates under a triple-net (NNN) lease with approximately 4 years remaining with six (6) five-year renewal options remaining (lease runs through April 30, 2059).
Walgreens has demonstrated long-term commitment to this location by exercising two renewal options without any concessions, reinforcing the site's staying power.
The roof was replaced in October 2021 and is backed by a full 20-year warranty, significantly reducing both near and long-term maintenance risk for future owner.
June 2024 all ten parking lot light poles and fixtures were replaced - improving curb appeal, enhancing nighttime visibility, and reducing future maintenance cost.
Walgreens has demonstrated long-term commitment to this location by exercising two renewal options without any concessions, reinforcing the site's staying power.
The roof was replaced in October 2021 and is backed by a full 20-year warranty, significantly reducing both near and long-term maintenance risk for future owner.
June 2024 all ten parking lot light poles and fixtures were replaced - improving curb appeal, enhancing nighttime visibility, and reducing future maintenance cost.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,905 SF
Year Built
1999
Price
$2,850,000
Price Per SF
$204.96
Cap Rate
9.08%
NOI
$258,911
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.01 AC
Zoning
NEC - Commercial (NEC)
Frontage
152’ on East Algonquin Road
Amenities
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-35-303-002 | Improvements Assessment | $308,141 |
| Land Assessment | $223,915 | Total Assessment | $532,056 |
Property Taxes
Parcel Number
19-35-303-002
Land Assessment
$223,915
Improvements Assessment
$308,141
Total Assessment
$532,056
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1301 E Algonquin Rd
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