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540 N Schmale Rd
Carol Stream, IL 60188
Walgreens · Retail Property For Sale
Investment Highlights
- Corporate Guarantee
- High Population Density Location: Chicago MSA with 9,800 within 1 Mile and 106,600 within 3 Miles
- Very Strong Reported Store Sales
Executive Summary
• Corporate Guarantee
• Very Strong Reported Store Sales
• NN Lease: January 2034 Lease expiration and 7x5-year renewal options.
• Limited Landlord Responsibility
• High Population Density Location: Chicago MSA with 9,800 within 1 Mile and 106,600 within 3 Miles
• Outstanding Exposure to 30,000 Vehicles per Day at the intersection of N. Schmale Rd. & Fullerton Ave.
• Adjacent to the Schmale–Fullerton Industrial Corridor, a 14-million-square-foot fully occupied
industrial district. A vibrant industrial zone with a high employment base that helps fuel Walgreens
high store sales at this location.
• Offered at $2,775,000 | 7.21% Cap Rate
• Very Strong Reported Store Sales
• NN Lease: January 2034 Lease expiration and 7x5-year renewal options.
• Limited Landlord Responsibility
• High Population Density Location: Chicago MSA with 9,800 within 1 Mile and 106,600 within 3 Miles
• Outstanding Exposure to 30,000 Vehicles per Day at the intersection of N. Schmale Rd. & Fullerton Ave.
• Adjacent to the Schmale–Fullerton Industrial Corridor, a 14-million-square-foot fully occupied
industrial district. A vibrant industrial zone with a high employment base that helps fuel Walgreens
high store sales at this location.
• Offered at $2,775,000 | 7.21% Cap Rate
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,783 SF
Building Class
B
Year Built
1998
Price
$2,775,000
Price Per SF
$201.33
Cap Rate
7.21%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.69 AC
Zoning
C
Parking
57 Spaces (4.1 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 02-28-300-065 | Improvements Assessment | $343,545 |
| Land Assessment | $214,665 | Total Assessment | $558,210 |
Property Taxes
Parcel Number
02-28-300-065
Land Assessment
$214,665
Improvements Assessment
$343,545
Total Assessment
$558,210
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