1301 E Algonquin Rd - Drug Store FOR SALE


Algonquin, IL 60102
$2,850,000 USD
847-508-9399
1301 E Algonquin Rd, Algonquin, IL for Sale
$2,850,000 USD
Drug Store - FOR SALE
1/6
null | 9.08% Cap Rate

1301 E Algonquin Rd
Algonquin, IL 60102


HIGHLIGHTS

  • • Walgreens Co. – Strong Corporate Lease Guaranty – $154 Billion in Revenue (2025) – 8,700 Locations in 50 States
  • • Absolute NNN Lease – Zero Landlord Responsibilities – 27 Year Successful Operating History
  • • Located on east side of Algonquin which is experiencing a burst in commercial growth
  • • Prominent visibility with exposure to over 34,000 vehicles per day
  • • New roof in 2021 with 20 year warranty, all new parking lot lighting installed in 2024, building in good condition

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

9.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

NEC

APN/PARCEL ID

19-35-303-002

ASK ABOUT THIS PROPERTY

Brenda SlavikResource Commercial AdvisorsMore Info
847-508-9399

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Brenda SlavikResource Commercial AdvisorsMore Info
847-508-9399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.