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29403976
29403977

3401 Orchard Rd, Oswego, IL 60543

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters
$3,556,000
137 days on market
Updated 18 days ago

Walgreens - Oswego, IL

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 9%
NOI $320,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 07/31/2030
Remaining Term 4.1
Lease Options 10 x 5 Years
Price per SqFt $240
Year Built 2005
Acreage 2.000
Investment Type Net Lease
Lease Commencement 08/01/2005
Ownership Fee Simple

9.0% Cap Abs NNN Walgreens | $144K AHHI in 1-Mile Radius | 20+ Year Operating History

Marketing description

Jones Lang LaSalleAmericas, Inc.(“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Walgreens located at 3401 Orchard Road in Oswego, IL (the “Property” or “Asset”). Walgreens has been operating at the Property for over two decades on an Absolute NNN Lease with 4.5 years of primary term remaining and ten, five-year renewal options.

The Property is in Oswego, IL, 12 miles from Naperville, IL and 40 miles from downtown Chicago, IL. Situated along Orchard Road, the Property has visibility and access to over 16,000+ vehicles per day. The Property is positioned in a highly affluent region that boasts an average household income north of $144,000 and has seen 18% population growth since 2010 in a one-mile radius.

Located on the west end of Oswego, Orchard Road is the up-and-coming commercial corridor anchored by Jewel Osco and the Whitetail Ridge Golf Dome, which is adjacent to the Property. Residential development has ignited commercial development along the dynamic corridor, with several notable new businesses having opened in the last few years, including Scooter’s Coffee, Gas N Wash, Starbucks, Valvoline, and Beef Shack. The Property is also located nearby U.S. Route 34, a major arterial in the Chicago metro that provides premier access as well as visibility to an outstanding 13,900+ VPD. The Route 34 corridor offers more than 2.2 million square feet of commercial space. Notably, about 80.5 acres of undeveloped farmland will be transformed into 320 homes in Oswego.

This unique offering presents the opportunity to acquire an infill retail Asset with zero landlord obligations from a widely recognized pharmaceutical operator with high value intrinsic real estate.

Investment highlights

  • Absolute NNN Lease - ZERO landlord responsibilities

  • Property renovated recently in 2023

  • Situated along Orchard Rd with 16,000+ VPD

  • Property sits on an oversized 2-acre parcel

  • Less than 3 miles from Oswego Commons (5.8M Visits Annually)

  • About 80.5 acres of undeveloped farmland will be transformed into 320 homes in Oswego

  • Property is 12 miles from Naperville, IL, and 40 miles from downtown Chicago, IL

  • Average Household Income over $144,000 in a 1-mile radius

Listing Contacts

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$320,000.00
$26,666.67/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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Additional Information

Name
Mohsin Mirza
License
IL 475.189943
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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