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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
Great Store, Great Location, New Roof, Very Good Financials
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,754 SF
Building Class
B
Year Built
2004
Price
$4,200,000
Price Per SF
$236.57
Cap Rate
10%
NOI
$420,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.54 AC
Zoning
Commercial - Commercial
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 U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| 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
Parcel Number
05-02-312-013
Land Assessment
$267,722
Improvements Assessment
$362,474
Total Assessment
$630,196
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Walgreens | 840 N Main St
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