Walgreens 13023 S La Grange Rd 13,891 SF Retail Building Palos Park, IL 60464 $4,893,238 CAD ($352.26 CAD/SF) 8% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Chicago MSA in Palos Park, Illinois. Walgreens has successfully operated at this location since 2002 demonstrating commitment. The lease is absolute triple net featuring no landlord responsibilities. The current lease runs through November 2027. Additionally, there are ten 5-year renewal options. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 27 for total revenue
The 14,820-square-foot building is strategically positioned at the signalized intersection of US-45 (South LaGrange Road) and West 131st Street, which sees a combined 48,900 vehicles per day. The property also bene?ts from its shadow anchor position next to Jewel-Osco. Neighboring retailers include ALDI, Chase Bank, DaVita, Circle K, Dunkin’, and Old National Bank, among others. The building is within walking distance of Carl Sandburg High School, which enrolls approximately 2,800 students. More than 145,700 people live within a ?ve-mile radius of the site, and within one mile, the average household income is $143,618, re?ecting the area’s affluent demographics.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.