SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate guaranteed, investment grade (S&P: BBB), Walgreens investment property located in Freeport, IL (Rockford MSA). The tenant, Bond Drug Company of Illinois, LLC, has over 3 years remaining on their initial term with 5 (5-year) option periods left to extend. In addition, the tenant has operated at this location for more than 20 years and extended their lease by an additional 10 years, demonstrating long-term commitment to the site. The lease is guaranteed by the corporate entity (S&P: BBB), and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Headquartered in Deerfield, IL, Walgreens operates more than 9,200 stores across all 50 states and was recently included in FORTUNE’s 2020 list of the World’s Most Admired Companies for the 27th consecutive year. Walgreens is currently ranked number 16 on the Fortune 500. Walgreens is strategically located at the signalized, hard corner intersection of W. Galena Avenue and State Highway 26, averaging a combined 32,300 vehicles passing by daily. The asset is a quick 34-minute drive into Downtown Rockford, making this an ideal, centralized location with easy commutes for both employees and customers. The property is ideally situated within a dense retail corridor, and is within walking distance to Lincoln Mall, a 185,000 SF Community Center anchored by Bargain Maxx and Dollar General. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Additionally, Walgreens is one-mile north FHN Memorial Hospital (100 beds), an award-winning regional healthcare facility dedicated to providing world-class care. Furthermore, the asset is within close proximity to several single-family communities and multi-family complexes including Brewster Apartments (59 unit), Lincoln Towers (100 units), Hosmer High Rise (120 units), and more, providing a direct residential consumer base from which the site can draw. The 5-mile trade area is supported by over 28,300 residents and 17,500 daytime employees, with an average annual household income of $57,607.