7155 W Foster Pl
Chicago, IL 60656
Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 15,330-square-foot free standing Walgreens situated on ±0.76 acres situated in the affluent community of Norwood Park in Chicago, Illinois (MSA Population: 9.9 million). Built in 2004, Walgreens signed a 25-year absolute NNN lease which has ±9 years of primary term remaining. The property is ideally positioned on an infill hard corner site at the signalized intersection of West Foster Place and North Harlem Avenue (Combined Traffic Count: 41,800 VPD) just 0.5 miles south of Interstate 90 (Traffic Count: 203,300 VPD), which provides direct access to Downtown Chicago (13 miles to the southeast). The property is also situated directly across from 275,314-square foot Harlem Foster Shopping Center which is anchored by Jewel Osco and occupied by Bank of America, Ace Hardware, Planet Fitness, H&R Block, O’Reilly Auto Parts and Pet Supplies Plus, among others. Walgreens is also ideally located at the heart of a dynamic retail and commercial corridor, highlighted by the 700,000-square foot Harlem Irving Plaza Mall (Anchors: Best Buy, Kohl’s & Target) with more than 9.5 MSF of retail, 9.3 MSF of office, 7.3 MSF of industrial within a 3-mile radius. Other major retailers with a presence in the immediate vicinity include: Marshalls, Burlington, Aldi, Mariano’s Fresh Market, AMC Theatres, Old Navy, Staples, Mattress Firm, McDonald’s, XSport Fitness, PetCo, PNC Bank, Miller’s Ale House, Chipotle, Panera Bread, Men’s Wearhouse, Red Robin, Papa John’s, Longhorn, Chase, Ulta and Michaels, among others. Additionally, Walgreens is proximate to the 360-bed award-winning Resurrection Medical Center (1 mile), Ridgemoor Country Club (1 mile), Wilbur Wright College with an enrollment of 12,468 students (1.8 miles) and the Chicago O’Hare International Airport, the 3rd busiest airport in the nation (5 miles). The property also benefits from dynamic infill demographics with a population of 233,918 and an average household income of $93,447. Further, there are more than 6,337 multi-family units and more than 8 schools and 10 major shopping centers within a 3-mile radius.