Log In/Sign Up
Your email has been sent.
Walgreens 2871 Pfingsten Rd 15,167 SF Retail Building Glenview, IL 60026 $7,061,000 ($465.55/SF) 7% Cap Rate
Investment Highlights
- Walgreens Co. – Strong Corporate Lease Guaranty – $154 Billion in Revenue (2025) – 8,700 Locations in 50 States
- Full Renovation & Remodel Completed in 2014 to Walgreens Newest Prototype & Drive-Thru Pharmacy
- Strategically Anchored Within Glenbrook Marketplace (Over 660K Visitors/Year) – Shadow Anchored by Grocery Anchored Center (Over 1.7M Visitors/Year)
- Absolute NNN Lease – Zero Landlord Responsibilities – 30 Year Successful Operating History
- Historically Strong Reported Annual Sales – Future Long Term Tenancy & Profitability
- Located Along Chicago's Affluent & Highly Desirable North Shore Submarket
Executive Summary
Lee & Associates and Bang Realty are pleased to present the opportunity to acquire a single-tenant Walgreens located at 2871 Pfingsten Road in Glenview, Illinois, within the highly desirable North Shore submarket of the Chicago MSA. The property consists of a 15,167 square foot retail building situated on approximately 1.62 acres. Originally constructed in 1990 and fully renovated in 2014, the asset features Walgreens’ modern prototype design, including a drive-thru pharmacy, and benefits from its positioning within the Glenbrook Marketplace.
Strategically positioned along Pfingsten Road with combined traffic counts exceeding 51,000 vehicles per day, the property benefits from strong visibility and access within a dominant retail corridor. The site is anchored within Glenbrook Marketplace and shadow-anchored by Plaza Del Prado, a high-performing grocery-anchored center generating over 1.7 million annual visits. The surrounding North Shore area features affluent demographics, with average household incomes exceeding $200,000 within a 3-mile radius, and serves a dense and established suburban population just 20 miles north of downtown Chicago.
Strategically positioned along Pfingsten Road with combined traffic counts exceeding 51,000 vehicles per day, the property benefits from strong visibility and access within a dominant retail corridor. The site is anchored within Glenbrook Marketplace and shadow-anchored by Plaza Del Prado, a high-performing grocery-anchored center generating over 1.7 million annual visits. The surrounding North Shore area features affluent demographics, with average household incomes exceeding $200,000 within a 3-mile radius, and serves a dense and established suburban population just 20 miles north of downtown Chicago.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
15,167 SF
Building Class
B
Year Built/Renovated
1992/2014
Price
$7,061,000
Price Per SF
$465.55
Cap Rate
7%
NOI
$494,270
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.62 AC
Zoning
B-2 - General Business
Parking
48 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
160’ on Pfingsten Road
Amenities
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-21-110-024-0000 | Improvements Assessment | $383,997 |
| Land Assessment | $396,253 | Total Assessment | $780,250 |
Property Taxes
Parcel Number
04-21-110-024-0000
Land Assessment
$396,253
Improvements Assessment
$383,997
Total Assessment
$780,250
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 2871 Pfingsten Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.