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16584777
16584778

840 N Main St, Glen Ellyn, IL 60137

SD
IL 471014812
RE/MAX Plaza
Listed by RE/MAX Plaza
$4,200,000
792 days on market
Updated 52 days ago

Walgreens - Glen Ellyn, IL

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 14,543
Cap Rate 10%
NOI $420,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN
Lease Expiration 03/31/2030
Remaining Term 3.8
Lease Options Seven, 5-Year Walgreens Extensions
Year Built 2004
Acreage 1.549

Great Store, Great Location, New Roof, Very Good Financials

Marketing description

Investment highlights

NOI $420,000
CAP RATE 10%.

Ideally Located Signalized Corner of St Charles Road and Main Street
leading to the heart of downtown Glen Ellyn, Illinois. High traffic location with a 5-mile population of over 302,000. Ideally positioned to capture the most traffic possible seeing over 20,000 vehicles daily.

Four Hospitals Located Within 15 Minutes. These hospitals play a critical role in dozens of healthcare needs including Cancer Care, Cardiac Care, Orthopedic Care, Laboratory Services, Surgeries, Imaging Services and Much more all demanding Prescriptions.

Glen Ellyn, IL is a prosperous, thriving Chicago suburb sitting 24 miles due west of downtown Chicago and 10 miles south-west of O'Hare International Airport. Glen Ellyn has a household median income of $118,208. The village sees continued growth.

Rent is Guaranteed by Walgreens Corporate a trusted, global innovator in retail pharmacy playing a critical role in the healthcare ecosystem. The company is reimagining local healthcare and well-being for all as part of its purpose – to create more joyful lives through better health. Walgreens also offers health and beauty aids, photo services, plus mini-mart basics.

Convenient and Critical Drive-Thru Lane. Drive-thru lanes proved to be critical for retailers through the pandemic, and as total sales volume for restaurants, pharmacy and bank properties last year hit a record $12 Billion, the interest in drive-through real estate has exploded.

Listing Contacts

SD
IL 471014812
RE/MAX Plaza
Listed by RE/MAX Plaza

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$420,000.00
$35,000.00/mo

Valuation Metrics

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DSCR
10%
Cap Rate
10%
ROI

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