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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 Under Contract
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 began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 14,543 SF | - | Double Net | Mar 2030 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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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