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31096950
31096949

5730 Dempster St, Morton Grove, IL 60053

AG
IL IL: #475.189621
JLL - New York City, New York
MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL - New York City, New York, JLL Chicago | Americas Headquarters
$3,660,000
84 days on market
Updated 84 days ago

Walgreens - Morton Grove, IL

Details
Property Type Retail
Sub Type Pharmacy/Drug
Net Rentable (SqFt) 14,440
Cap Rate 10.26%
NOI $375,435
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN
Lease Expiration 07/31/2028
Remaining Term 2.1
Lease Options 6 X 5-YEARS
Class A
Year Built 2001
Acreage 0.760
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee-Simple Interest

Walgreens | Affluent Chicago Suburb | 10.25% Cap Rate

Investment highlights

NATIONALLY RECOGNIZED TENANCY

  • Walgreens is a leading retail pharmacy provider with more than 9,000 locations throughout the United States

  • Walgreens is experiencing a brand revival since being acquired by Sycamore Partners in 2025, improving operational efficiency and revamped inventory

PRIME LOCATION WITH EXCELLENT VISIBILITY

  • Irreplaceable box with ample parking, clear exposure to Dempster St. (33,000 VPD) and immediate access to

    interstate-94 (155,000 VPD) with connectivity to downtown Chicago

  • Positioned in between two major highway systems and two commuter rail systems all within 5-minutes of the Property

THRIVING MARKET WITH STRONG DEMOGRAPHIC PROFILE

  • The surrounding 3mile radius features a population of more than 18,000 residents and average household incomes that exceed $150,000

  • The area surrounding this location offers a varied commercial landscape with hotels, industrial properties, retail developments, multifamily residential buildings, office spaces, and entertainment venues, all supported by the economic presence of O'Hare Airport.

HIGH-YIELD OFFERING WITH STRONG FUTURE UPSIDE

  • The Asset’s structural fungibility will allow future ownership to easily re-tenant the Asset while capitalizing on near-term cash flows with 10%+ yield

Listing Contacts

AG
IL IL: #475.189621
JLL - New York City, New York
MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL - New York City, New York, JLL Chicago | Americas Headquarters

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$375,435.00
$31,286.25/mo

Valuation Metrics

0
DSCR
10.26%
Cap Rate
10.26%
ROI

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Additional Information

Name
Alex Geanakos
License
IL: #475.189621
Brokerage
JLL
Title
Real Estate Broker
Brokerage Address
300 East Randolph Street
Name
Mohsin Mirza
License
IL 475.189943
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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