805 W Euclid Ave
Palatine, IL 60067
Walgreens · Retail Property For Sale

The 14,560 square foot Walgreens is strategically positioned on the southwest corner of Euclid Avenue and Quentin Street, two primary thoroughfares in Palatine, Illinois. The intersection experiences traffic counts in excess of 35,500 vehicles per day. There are approximately 77,900 people living within a three mile radius of the property earning an average household income of more than $110,800 per year. Residents within a one mile radius of the property are earning an average household income exceeds $149,150 per year. The property is benefited by its location within a densely populated residential area and strong regional trade area that features a number of corporations and national retailers. The area is the fifth-largest office submarket in the Chicago MSA and contains a number of large-scale suburban office campuses. Corporate campuses in the immediate area include Motorola, which employees over 1,600 people, and Zurich Insurance Group (over 2,600 people) which recently relocated their North American Headquarters to a 40-acre site that is located approximately two and one-half miles from the property. The Walgreens property is also located in the immediate proximity to several large hotels including Hyatt, DoubleTree, the Renaissance Convention Center, Embassy Suites and Hyatt Regency to name a few. Harper College, a 200 acre college with an enrollment of over 56,000 students, is located less than one-half mile from the Walgreens location. Further contributing to the strength of the immediate area is the numerous luxury residential properties such as International Village (732-units), The Treehouse Luxury Apartments (752-units), The Lakes of Schaumburg (428-units) and Hidden Pond Condominiums (240-units). Walgreens has twelve years remaining on their lease which expires May 31, 2029 and features ten 5-year renewal option periods. Walgreens is publicly traded on the Nasdaq Stock Market (symbol: WBA) with a market capitalization in excess of $88 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.