2871 Pfingsten Rd, Glenview, IL 60026

Lee & Associates and Bang Realty are pleased to present the opportunity to acquire a single-tenant Walgreens located at 2871 Pfingsten Road in Glenview, Illinois, within the highly desirable North Shore submarket of the Chicago MSA. The property consists of a 15,167 square foot retail building situated on approximately 1.62 acres. Originally constructed in 1990 and fully renovated in 2014, the asset features Walgreens’ modern prototype design, including a drive-thru pharmacy, and benefits from its positioning within the Glenbrook Marketplace.

The property is leased to Bond Drug Company of Illinois, LLC, with a corporate guaranty from Walgreens Co., providing a secure, investment-grade tenancy. The lease is structured as an absolute triple-net (NNN) lease with zero landlord responsibilities and approximately 9+ years of remaining term, along with eleven 5-year renewal options. Walgreens demonstrates strong commitment to this location with over 30 years of operating history and reported annual sales exceeding $3.0 million, supporting long-term tenancy and income stability.

Strategically positioned along Pfingsten Road with combined traffic counts exceeding 51,000 vehicles per day, the property benefits from strong visibility and access within a dominant retail corridor. The site is anchored within Glenbrook Marketplace and shadow-anchored by Plaza Del Prado, a high-performing grocery-anchored center generating over 1.7 million annual visits. The surrounding North Shore area features affluent demographics, with average household incomes exceeding $200,000 within a 3-mile radius, and serves a dense and established suburban population just 20 miles north of downtown Chicago.