Walgreens 39023 Green Bay Rd 14,547 SF Retail Building Beach Park, IL 60087 $3,870,968 ($266.10/SF) 7.75% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Chicago MSA in Beach Park, Illinois. Walgreens has been successfully operating from this location since it’s construction in 2005. Demonstrating commitment, Walgreens extended their lease through March 2034. The lease is absolute triple net which presents no landlord responsibilities and features ten 5-year renewal options.
The 14,547 square-foot building benefits from its signalized hard corner position along Green Bay Road and Wadsworth Road which experience 27,700 vehicles per day. The property is strategically positioned in an area with limited competition where there are over 127,000 people living within a five-mile radius. Furthermore, the population earns a six-figure average household income within one mile ($113,848). The asset is adjacent to Waukegan National Airport and numerous single-family communities. It is also within proximity to Route 41 (31,700 VPD) and Interstate 94 (66,800 VPD). The property is less than a 10-minute drive from Illinois State Beach Park, a local attraction that hosts over 1.25 million visitors, annually.
Walgreens is a leading American retail pharmacy chain founded in 1901 by Charles R. Walgreen in Chicago, Illinois, where it continues to maintain its headquarters. Operating nearly 8,500 stores across the United States, Walgreens serves approximately 9 million customers and patients daily, offering prescription medications, health and wellness products, and general merchandise. The company has a storied history of nearly 125 years, evolving from a single drugstore to a cornerstone of American healthcare and retail. On August 28, 2025, Walgreens Boots Alliance, Inc. was acquired by New York-based private equity firm Sycamore Partners in a $10 billion deal.