Walgreens 7109 S Jeffery Blvd

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Walgreens property located in Chicago, Illinois. Walgreens has been operating at this location since 1983 and demonstrated commitment when they demolished and replaced their building in 2006. The current lease runs through March 2031 and features ten 5-year renewal options. The lease is also triple net and features no landlord responsibilities.
The 17,500 square foot building benefits from its position along South Jeffery Boulevard (24,700 VPD) which is a signalized hard corner. The subject is located on an outparcel in Jeffery Plaza, a grocery-anchored shopping center occupied by tenants Local Market Foods (Shop & Save), Chase Bank, Domino’s Pizza, DTLR, Subway, & Rent-A-Center. Other nearby tenants include Starbucks, Bank of America, Advance Auto Parts, and Family Dollar. The subject is also located across from the Bryn Mawr Metra station. There are over 451,000 people living within a five-mile radius with an average household income of $64,127.
Walgreens is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois. On December 31, 2014, Walgreens and Switzerland-based Alliance Boots merged to form a new holding company, Walgreens Boots Alliance. Walgreens became a subsidiary of the new company, which retained its Deerfield headquarters and trades on the Nasdaq under the symbol WBA.