540 N Schmale Rd - Drug Store FOR SALE


Carol Stream, IL 60188
$2,775,000 USD
312-498-3598
540 N Schmale Rd, Carol Stream, IL for Sale
$2,775,000 USD
Drug Store - FOR SALE
1/6
null | 7.21% Cap Rate

540 N Schmale Rd
Carol Stream, IL 60188


HIGHLIGHTS

  • Corporate Guarantee
  • Very Strong Reported Store Sales
  • High Population Density Location: Chicago MSA with 9,800 within 1 Mile and 106,600 within 3 Miles
  • Prominent visibility with exposure to 30,000 vehicles per day at the intersection of N. Schmale Road and Fullerton Avenue.
  • Adjacent to the Schmale–Fullerton Industrial Corridor, a 14-million-square-foot, fully occupied industrial hub supporting a robust employment base
  • Offered at $2,775,000 with a 7.21% cap rate, delivering an attractive investment opportunity.

OVERVIEW

• Corporate Guarantee • Very Strong Reported Store Sales • NN Lease: January 2034 Lease expiration and 7x5-year renewal options. •This Walgreens property presents a rare opportunity to acquire a corporately guaranteed, income-producing asset in a high-demand Chicago MSA location. The store reports exceptionally strong sales performance, supported by its strategic position adjacent to the Schmale–Fullerton Industrial Corridor—a 14-million-square-foot, fully occupied industrial hub that drives consistent customer traffic and sustains long-term retail demand. The property is secured by a NN lease with minimal landlord responsibilities, providing stable cash flow through January 2034 and seven additional 5-year renewal options. This structure ensures predictable income and long-term tenancy from a nationally recognized credit tenant. Situated at the intersection of N. Schmale Road and Fullerton Avenue, the site benefits from outstanding visibility to approximately 30,000 vehicles per day and serves a densely populated trade area with 9,800 residents within one mile and over 106,600 within three miles. These demographics, combined with the property’s proximity to a vibrant employment base, reinforce the store’s strong operating performance. Offered at $2,775,000 with a 7.21% cap rate, this asset delivers an attractive blend of security, longevity, and market fundamentals, making it an excellent addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$201 USD /SF

CAP RATE

7.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C

APN/PARCEL ID

02-28-300-065

ASK ABOUT THIS PROPERTY

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312-498-3598

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312-498-3598

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