13023 S La Grange Rd - Drug Store FOR SALE


Palos Park, IL 60464
$4,039,200 USD
13023 S La Grange Rd, Palos Park, IL for Sale
$4,039,200 USD
Drug Store - FOR SALE
1/5
null | 7% Cap Rate

13023 S La Grange Rd
Palos Park, IL 60464


HIGHLIGHTS

  • Jewel-Osco shadow anchor
  • NNN lease – No landlord responsibilities
  • Successful operating history since 2002 – demonstrating commitment
  • Signalized intersection of US-45 (LaGrange Road) & West 131st Street (48,900 VPD)
  • Affluent area - $143,618 average household income within one-mile
  • Within walking distance from Carl Sandburg High School (2,800 students)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,039,200 USD

PRICE/SF

$291 USD /SF

CAP RATE

7%

% 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

2002

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

-

APN/PARCEL ID

23-34-100-071-0000

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info

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Randy BlanksteinThe Boulder GroupMore Info

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