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28895 W IL Route 120 - Walgreens, Lakemoor, IL

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DetailMap
28895 W IL Route 120 - Walgreens

Lakemoor, IL 60051 - Central Northwest Submarket

(2.0 MB)

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2013
Building Size:14,820 SF Land Area:1.6 AC (69,696 SF)
For Sale Price:$7,362,981 Price/SF:$496.83
Cap Rate:5.20 %
Features:Drive Thru



Sale Notes:
The Boulder Group is pleased to exclusively market for sale a recently construction single tenant net leased Walgreens property
located in the Chicago MSA. This recently developed Walgreens features a long term lease with over twenty-two years remaining.
The absolute triple net Walgreens lease expires on October 31, 2038 and features no landlord responsibilities.
The 14,820 square foot Walgreens property is located along Highway 120 which is the primary east-west thoroughfare in the area.
Walgreens is strategically positioned at the signalized intersection of Highway 120 and Darrell Road, creating constant traffic
flow at the site. The signalized intersection of Highway 120 and Darrell Road experiences traffic volumes in excess of 30,000
vehicles per day. The property has curb cuts for access on both Highway 120 and Darrell Road. Highway 120 has direct access
to Highway 12 approximately one and one-half miles east of the property. Highway 12 is the primary north-south thoroughfare
in the area and experiences traffic volumes in excess of 30,000 vehicles per day. The surrounding area is affluent with average
household incomes within a three mile radius in excess of $92,000 annually.
Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly
traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $86 billion. Both Walgreen Co. and
Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

• Located within the Chicago MSA
• Rare long term lease with over 22 years remaining
• Triple net lease with no landlord responsibilities
• Investment grade tenant (S&P: BBB)
• Intersection of Highway 120 and Darrell Road experiences traffic volumes in excess of 30,000 VPD
• Average household income in excess of $92,000 annually
• Positioned on a hard corner of a signalized intersection
• Brand new construction in 2013

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500




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