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29538883
29538884

110 W 10th St, Metropolis, IL 62960

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
SJ
TX 847636
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas
$4,288,000
130 days on market
Updated 92 days ago

Walgreens Pharmacy - Metropolis, IL

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,650
Net Rentable (SqFt) 13,650
Cap Rate 8.15%
NOI $349,500
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 07/31/2034
Remaining Term 8.1
Rent Bumps No
Lease Options 9 x 5-Years
Price per SqFt $314
Year Built 2009
Buildings 1
Acreage 1.630
Investment Type Net Lease
Lease Commencement 07/20/2009
Ground Lease No

±8.3 YEAR REMAINING | ABSOLUTE NNN | 15+ YEAR OPERATIONAL HISTORY AT THE SITE

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Walgreens Pharmacy located at 110 W 10th St, Metropolis, IL 62960 (the “Property” or “Asset”). The Tenant operates under an abs. NNN lease with approximately 8.3 years of primary term remaining, as well as nine (9), five-year renewal options with zero landlord responsibilities.

Walgreens Boots Alliance, Inc. is a leading pharmacy-led health and wellbeing company headquartered in the United States. Walgreens operates an extensive network serving millions of customers through retail pharmacy locations, healthcare services, and international operations spanning multiple continents. With approximately $154.6 billion in TTM September 2025 revenue, over 315,000 employees, and more than 12,500 stores, Walgreens maintains a prominent position in the pharmacy retail and healthcare services sectors. The company continues to expand its healthcare offerings and omnichannel capabilities, positioning itself as one of the most accessible pharmacy chains and healthcare service providers in North America and Europe.

Walgreens sits on a large 1.6-acre site with an annual rent of $349,500 and is strategically positioned in Metropolis, IL, at the hard corner, signalized intersection of W 10th St (2,900 VPD) and Market St (8,300 VPD) which provides connectivity to US-45, which accommodates a combined 24,000+ vehicles per day. The Property is the only stand alone, national, name-brand pharmacy in the city.

The site is located within the heart of downtown Metropolis along the Ohio river and customer visits have increased 2.6% YoY from the previous 12 months (per placer.ai). The next closest Walgreens is located south of the river over 12 miles away, resulting in an expanded trade area. This location benefits from the immediate vicinity of homeowners which includes over 2,200 households within a one-mile radius and an average income exceeding $80,000 within a five-mile radius, reflecting the submarket’s ongoing appeal.

This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.

Broker of Record

Jaime Fink

IL License No. 471010204

Listing Contacts

CP
TX 601565
JLL - Dallas | Cedar Springs, Texas
SJ
TX 847636
JLL - Dallas | Cedar Springs, Texas
Listed by JLL - Dallas | Cedar Springs, Texas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$349,500.00
$29,125.00/mo

Valuation Metrics

0
DSCR
8.15%
Cap Rate
8.15%
ROI

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