2871 Pfingsten Rd - Drug Store FOR SALE


Glenview, IL 60026
$8,450,000 USD
760-448-2449
2871 Pfingsten Rd, Glenview, IL for Sale
$8,450,000 USD
Drug Store - FOR SALE
1/9
null | 5.85% Cap Rate

2871 Pfingsten Rd
Glenview, IL 60026


HIGHLIGHTS

  • Walgreens Co. – Investment Grade Credit – Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibilities
  • 30+ Year Successful Operating History at This Location
  • Full Renovation and Remodel Completed in 2014 to Walgreens Newest Prototype & Drive-Thru Pharmacy
  • Exceptionally Strong Reported Annual Sales – Future Long Term Tenancy & Profitability
  • Strategically Anchored Within The Glenbrook Marketplace (Over 660K Visitors/Year) – Shadow Anchored by Grocery Anchored Center (Over 1.7M Visitors/Yea
  • Located Along Chicago’s Affluent & Highly Desirable North Shore Submarket

OVERVIEW

The fee simple interest of a Walgreens investment property located in Glenview, Illinois (the “Property”). Built in 1990, the Property consists of a 15,167-square-foot retail building with a drive-thru that sits on an approximately 1.62-acre parcel. In 2014, Walgreens completed a full renovation and remodel of this building to its newest prototype and drive-thru pharmacy. The Property is located in the Glenbrook Marketplace, in the affluent North Shore suburb of Glenview, where there are over 84,000 residents in a 3-mile radius.

FOR SALE DETAILS

PRICE

$8,450,000 USD

PRICE/SF

$557 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

B-2

APN/PARCEL ID

04-21-110-020-0000

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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