39023 Green Bay Rd - Drug Store FOR SALE


Beach Park, IL 60087
$4,724,409 USD
39023 Green Bay Rd, Beach Park, IL for Sale
$4,724,409 USD
Drug Store - FOR SALE
1/1
null | 6.35% Cap Rate

39023 Green Bay Rd
Beach Park, IL 60087


HIGHLIGHTS

  • Positioned within the Chicago MSA
  • Walgreens is ranked #27 on the Fortune 500 list for total Revenue (2024)
  • Recent lease extension through March 2034 demonstrates commitment
  • Established operating history since 2005
  • Proximity to Route 41 (31,700 VPD) & Interstate 94 (66,800 VPD)
  • Six-figure average household income within one-mile, $113,848

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Chicago MSA in Beach Park, Illinois. Walgreens has been successfully operating from this location since it’s construction in 2005. Demonstrating immense commitment, Walgreens recently extended their lease through March 2034. The lease is absolute triple net which presents no landlord responsibilities and features ten 5-year renewal options. The 14,547 square-foot building benefits from its signalized hard corner position along Green Bay Road and Wadsworth Road which experience 27,700 vehicles per day. The property is strategically positioned in an area with limited competition where there are over 127,000 people living within a five-mile radius. Furthermore, the population earns a six-figure average household income within one mile ($113,848). The asset is adjacent to Waukegan National Airport and numerous single-family communities. It is also within proximity to Route 41 (31,700 VPD) and Interstate 94 (66,800 VPD). The property is less than a 10-minute drive from Illinois State Beach Park, a local attraction that hosts over 1.25 million visitors, annually. 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 9,000 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

$4,724,409 USD

PRICE/SF

$325 USD /SF

CAP RATE

6.35%

% 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

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

HC, Beach Park

APN/PARCEL ID

04-30-304-015

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info

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Randy BlanksteinThe Boulder GroupMore Info

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