Walgreens 13023 S La Grange Rd
13,891 SF Retail Building Palos Park, IL 60464 £3,117,454 (£224.42/SF) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Jewel-Osco shadow anchor
- Successful operating history since 2002 – demonstrating commitment
- Affluent area - $143,618 average household income within one-mile
- NNN lease – No landlord responsibilities
- Signalized intersection of US-45 (LaGrange Road) & West 131st Street (48,900 VPD)
- Within walking distance from Carl Sandburg High School (2,800 students)
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Chicago MSA in Palos Park, Illinois. Walgreens has successfully operated at this location since 2002 demonstrating commitment. The lease is absolute triple net featuring no landlord responsibilities. The current lease runs through November 2027. Additionally, there are ten 5-year renewal options. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 27 for total revenue
The 14,820-square-foot building is strategically positioned at the signalized intersection of US-45 (South LaGrange Road) and West 131st Street, which sees a combined 48,900 vehicles per day. The property also bene?ts from its shadow anchor position next to Jewel-Osco. Neighboring retailers include ALDI, Chase Bank, DaVita, Circle K, Dunkin’, and Old National Bank, among others. The building is within walking distance of Carl Sandburg High School, which enrolls approximately 2,800 students. More than 145,700 people live within a ?ve-mile radius of the site, and within one mile, the average household income is $143,618, re?ecting the area’s affluent demographics.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
The 14,820-square-foot building is strategically positioned at the signalized intersection of US-45 (South LaGrange Road) and West 131st Street, which sees a combined 48,900 vehicles per day. The property also bene?ts from its shadow anchor position next to Jewel-Osco. Neighboring retailers include ALDI, Chase Bank, DaVita, Circle K, Dunkin’, and Old National Bank, among others. The building is within walking distance of Carl Sandburg High School, which enrolls approximately 2,800 students. More than 145,700 people live within a ?ve-mile radius of the site, and within one mile, the average household income is $143,618, re?ecting the area’s affluent demographics.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,891 SF
Building Class
B
Year Built
2002
Price
£3,117,454
Price Per SF
£224.42
Net Initial Yield
7%
NOI
£218,222
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
1.45 AC
Parking
42 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
282 ft on La Grange Rd
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- Nov 2027
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | Nov 2027 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-34-100-071-0000 | Improvements Assessment | £100,204 |
| Land Assessment | £265,639 | Total Assessment | £365,842 |
