12659 S Ridgeland Ave
Palos Heights, IL 60463
Walgreens · Retail Property For Sale

This is a prime opportunity to acquire a Walgreens property in Palos Heights, Illinois, secured by a new 11-year Absolute NNN (Triple Net) lease that eliminates landlord responsibilities for taxes, insurance, and maintenance. The lease features 5% rent increases in years 6 and 11 of the initial term, followed by continued 5% increases at each renewal option.
The property is positioned at a signalized intersection within one of the area’s busiest retail corridors, offering outstanding visibility and accessibility with combined traffic counts exceeding 43,000 vehicles per day. This high-performing Walgreens benefits from strong in-store sales and consistent exposure to both local residents and daily commuters. Located in the affluent south Chicago suburb of Palos Heights, the asset is surrounded by dense residential communities that support long-term consumer demand.
The surrounding retail trade area includes a strong lineup of national retailers and service providers such as Pete’s Market, Jewel-Osco, McDonald’s, Starbucks, Dunkin’, CVS, Ace Hardware, Chase Bank, and Dollar Tree, creating a well-established commercial environment. The nearby Palos Health South Campus, part of Northwestern Medicine, further contributes to traffic and consumer activity in the area.
The property is supported by strong demographics, with approximately 84,964 residents within a three-mile radius and an average household income of $101,485, providing a stable and affluent customer base that supports long-term retail performance.