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31823798

5 Locations

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
PG
IL 471017442
Seneca Real Estate Group
JD
IL 475.188290
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Seneca Real Estate Group, Northmarq - Chicago
$18,494,425
384 days on market
Updated 20 days ago

Walgreens Portfolio of 5

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 71,660
Cap Rate 8.50%
NOI $1,894,065
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Remaining Term 3.1
Price per SqFt $258
Buildings 6
Stories 1
Acreage 10.660
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

National NNN Portfolio | Hard Corner Strong Residual Assets | Excellent Performance Metrics

Marketing description

Northmarq is pleased to present to qualified investors the opportunity to acquire a five-property Walgreens portfolio spanning Missouri, Indiana, Illinois, and Wisconsin (“The Portfolio”). Leased to Walgreen Co., the Portfolio offers investors a diversified income stream supported by Walgreens’ long-term occupancy, with all five locations operating continuously for over 20 years—demonstrating consistent demand and stable tenancy across the Portfolio.

Each Property is a freestanding, high-visibility location situated on a signalized hard corner with strong traffic counts and entrenched retail demand. The Portfolio combines stable, in-place cash flow with strategic lease rollover—creating a compelling mix of downside protection and value-add upside.

The five assets total more than 86,000 square feet and generate nearly $1.6 million in annual base rent. The Portfolio features a weighted average lease term remaining of 3 years, 11 months and is offered fee simple, free and clear of existing debt. All six leases include multiple five-year renewal options, preserving future income potential for long-term investors.

Investment highlights

  • Consistent Demand And Stable Tenancy Across the Portfolio

  • Lease Type: Abs NNN and NN

  • All Five Locations Operating Continuously For Over 20 Years

  • Five Assets Total More Than 71,660 SF and Generate Nearly $1.6 Million in Annual Base Rent

  • Excellent Performance Metrics

  • Freestanding, High-Visibility Properties Situated on Signalized Hard Corners w/ Strong Traffic Counts and Entrenched Retail Demand

Listing Contacts

BF
IL 471007951, WI 57176-90 (+4)
Northmarq Capital, LLC
PG
IL 471017442
Seneca Real Estate Group
JD
IL 475.188290
Northmarq - Chicago
Listed by Northmarq Capital, LLC, Seneca Real Estate Group, Northmarq - Chicago

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,894,065.00
$157,838.75/mo

Valuation Metrics

0
DSCR
10.24%
Cap Rate
10.24%
ROI

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