Upscale Walgreens in Affluent Area 261 W Townline Rd 14,820 SF Retail Building Vernon Hills, IL 60061 $7,435,721 CAD ($501.74 CAD/SF) 8% Cap Rate

November Capital and Terraco Real Estate Services, are pleased to offer for sale a net-leased Walgreens located in the affluent Chicago suburb of Vernon Hills, Illinois. The property features an absolute NNN lease structure with zero landlord maintenance responsibilities. Constructed in 2006, Walgreens has operated successfully at this location for nearly 20 years, and the current lease term runs through May 2031.
Situated on a 1.65-acre hard-corner parcel, the site benefits from exceptional visibility and strong daily traffic counts of approximately 38,000 vehicles. The property is just one mile from the highly trafficked Hawthorn Mall, which draws more than four million visitors annually. The surrounding trade area benefits from exceptional demographics, including over 130,000 residents and an average household income of approximately $196,000 within a five-mile radius.
The community is highly educated, with 60 percent of adults holding a bachelor’s degree or higher, and is served by top-rated schools including Vernon Hills High School, ranked #11 statewide by U.S. News & World Report. The property is also adjacent to a multi-tenant shopping center, providing strong complementary traffic and reinforcing the long-term stability of the location within one of Vernon Hills’ most established retail corridors.