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Walgreens 840 N Main St 17,754 SF Retail Building Glen Ellyn, IL 60137 $4,200,000 ($236.57/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- NOI $420,000 CAP RATE 10% Seven, 5-Year Walgreens Extensions
- Four Hospitals within 15 Minutes. These hospitals play a critical role in a multitude of healthcare needs all demanding Prescriptions.
- Rent Guaranteed by Walgreens a trusted, global innovator in retail pharmacy playing a critical role in the healthcare ecosystem & mini-mart needs.
- Signalized Corner of St Charles Rd & Main St to the heart of downtown Glen Ellyn with over 20,000 vehicles daily. 5-mile population of over 302,000.
- Glen Ellyn, IL is a prosperous Chicago suburb 24 miles due W of downtown Chicago & 10 miles SW of O'Hare Airport. Household median income of $118,208.
- Critical Drive-Thru Lane. Drive-thru lanes proved to be critical for retailers through the pandemic & towards total sales volume.
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$420,000
|
$23.66
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $420,000 |
| Annual Per SF | $23.66 |
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 14,543 SF
- -
- Double Net
- Mar 2030
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 14,543 SF | - | Double Net | Mar 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-02-312-013 | Improvements Assessment | $362,474 |
| Land Assessment | $267,722 | Total Assessment | $630,196 |
PROPERTY TAXES
Presented by
Walgreens | 840 N Main St
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