261 W Townline Rd - Drug Store FOR SALE


Vernon Hills, IL 60061
$5,375,000 USD
847-902-7031
261 W Townline Rd, Vernon Hills, IL for Sale
$5,375,000 USD
Drug Store - FOR SALE
1/4
null | 8% Cap Rate

261 W Townline Rd
Vernon Hills, IL 60061


HIGHLIGHTS

  • Long-term Walgreens location – operating successfully for nearly 20 years
  • Absolute NNN lease – zero landlord responsibilities
  • Expansive 1.65-acre parcel – strong underlying real estate value
  • Prime retail corridor – just 1 mile from Hawthorn Mall (±4.5M annual visitors)
  • Dense, affluent trade area – over 130,000 residents within 5 miles
  • Top-ranked schools – Vernon Hills High School rated #11 statewide by U.S. News & World Report

OVERVIEW

November Capital and Terraco Real Estate Services, are pleased to offer for sale a net-leased Walgreens located in the affluent Chicago suburb of Vernon Hills, Illinois. The property features an absolute NNN lease structure with zero landlord maintenance responsibilities. Constructed in 2006, Walgreens has operated successfully at this location for nearly 20 years, and the current lease term runs through May 2031. Situated on a 1.65-acre hard-corner parcel, the site benefits from exceptional visibility and strong daily traffic counts of approximately 38,000 vehicles. The property is just one mile from the highly trafficked Hawthorn Mall, which draws more than four million visitors annually. The surrounding trade area benefits from exceptional demographics, including over 130,000 residents and an average household income of approximately $196,000 within a five-mile radius. The community is highly educated, with 60 percent of adults holding a bachelor’s degree or higher, and is served by top-rated schools including Vernon Hills High School, ranked #11 statewide by U.S. News & World Report. The property is also adjacent to a multi-tenant shopping center, providing strong complementary traffic and reinforcing the long-term stability of the location within one of Vernon Hills’ most established retail corridors.

FOR SALE DETAILS

PRICE

$5,375,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Upscale Walgreens in Affluent Area

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

-

APN/PARCEL ID

15-05-207-007

ASK ABOUT THIS PROPERTY

Jeff WeilNovember CapitalMore Info
847-902-7031

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Jeff WeilNovember CapitalMore Info
847-902-7031

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