Published on: Friday, August 23, 2024
Updated on: Friday, August 23, 2024
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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  Walgreens | Glenview IL.
2871 Pfingsten Rd Glenview Illinois , 60026
2871 Pfingsten Rd Glenview Illinois , 60026NNN Investment Group
Listing ID: CL-Illinois-11533

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.85
Net Operating Income: $494,250
Commission Split (%): 0
Quick Glance
Listing ID: CL-Illinois-11533
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 1991
Building Size: 15,167.00 SqFt
Lot Size: 70,723.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
The fee simple interest of a Walgreens investment property located in Glenview, Illinois (the “Property”). Built in 1990, the Property consists of a 15,167-square-foot retail building with a drive-thru that sits on an approximately 1.62-acre parcel.
Complete Details
Year Build: 1991
Building Size: 15,167 SqFt.
No of Stories: 1
Total Lot Area: 70723 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description
Lee & Associates in conjunction with Bang Realty-Illinois, Inc is pleased to exclusively offer for sale, the fee simple interest of a Walgreens investment property located in Glenview, Illinois (the “Property”). Built in 1990, the Property consists of a 15,167-square-foot retail building with a drive-thru that sits on an approximately 1.62-acre parcel. In 2014, Walgreens completed a full renovation and remodel of this building to its newest prototype and drive-thru pharmacy. The Property is located in the Glenbrook Marketplace, in the affluent North Shore suburb of Glenview, where there are over 84,000 residents in a 3-mile radius.
Additional Properties
Property Highlights
  • Walgreens Co. – Investment Grade Credit – Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibilities
  • 30+ Year Successful Operating History at This Location
  • Full Renovation and Remodel Completed in 2014 to Walgreens Newest Prototype & Drive-Thru Pharmacy
  • Exceptionally Strong Reported Annual Sales – Future Long Term Tenancy & Profitability
  • Strategically Anchored Within The Glenbrook Marketplace (Over 660K Visitors/Year) – Shadow Anchored by Grocery Anchored Center (Over 1.7M Visitors/Year)
  • Located Along Chicago’s Affluent & Highly Desirable North Shore Submarket
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$494,250
$0
0%
Cash Flow for Current Listings
Listing Location
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