www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34392070
34392068

2532 North Illinois Street, Swansea, IL 62226

PS
TX 761511
Matthews
JB
TX 688810
Matthews
Listed by Matthews
$2,715,054
1 day on market
Updated 1 day ago

Walgreens

Details
Property Type Retail
Square Footage 13,905
Cap Rate 8.25%
NOI $223,992
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type NN+
Lease Expiration 06/30/2034
Remaining Term 8
Rent Bumps No
Lease Options Eight, 5-Year Options
Price per SqFt $195
Year Built 1997
Acreage 1.820
Tenant Credit Corporate Guarantee
Lease Commencement 06/28/1997
Ground Lease No
Sale Condition 1031 exchange

8-Year Walgreens -- New Lease Extension - Swansea IL (St. Louis MSA)

Investment highlights

• Walgreens has been at this location for over 22 years and recently executed a lease extension, proving their commitment to the site

• ±8 years remaining on the base term of a NN+ lease, with Eight 5-year extension options.

• 5-Mile population of 125,700 residents

• Affluent demographics with an average household income of $93,400 (5 mile radius)

• Located roughly 30 minutes from Downtown St. Louis

• Located across the street from Swansea Plaza which boasts national tenants like Schnucks Market, Dollar Tree, McDonalds, Etc.

• Walgreens is the nation’s second largest pharmacy store chain with over 8,700 locations serving roughly 9 million customers per day. Roughly 78% of Americans live within a 5-mile radius of a Walgreens location.

• Corporately guaranteed lease from Walgreens

• Considered an essential retailer, Walgreens has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.

Listing Contacts

PS
TX 761511
Matthews
JB
TX 688810
Matthews
Listed by Matthews

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,992.00
$18,666.00/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

Map

Zoning

Intelligence Badge
PB PlannedPlanned Business
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 151 uses
View all 151 uses
Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matthew M. Fitzgerald
License
471021676, 478027547 (IL)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
600 W Fulton, Ste 100 Chicago, IL 60661
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591