Walgreens - Morton Grove, IL
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
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?









