Resource Commercial Advisors is pleased to present the opportunity to acquire a single-tenant Walgreens located at 1301 E. Algonquin Road in Algonquin, Illinois, within the greater Chicago MSA. The property consists of a 13,905 square foot retail building situated on approximately 2.01 acres. Walgreens has occupied the building for over 25 years and operates under a triple-net (NNN) lease with approximately 4 years remaining with six (6) five-year renewal options remaining (lease runs through April 30, 2059).
Walgreens has demonstrated long-term commitment to this location by exercising two renewal options without any concessions, reinforcing the site's staying power.
The roof was replaced in October 2021 and is backed by a full 20-year warranty, significantly reducing both near and long-term maintenance risk for future owner.
June 2024 all ten parking lot light poles and fixtures were replaced - improving curb appeal, enhancing nighttime visibility, and reducing future maintenance cost.