Log In/Sign Up
Your email has been sent.
Walgreens - (California Ave) Chicago, IL 2744 N California Ave 12,515 SF Retail Building Chicago, IL 60647 $10,328,698 CAD ($825.31 CAD/SF) 7.50% Cap Rate
Investment Highlights
- PASSIVE SLEEP-AT-NIGHT OPPORTUNITY - The NNN lease structure requires zero landlord obligations, tenant pays for all taxes, insurance, and maintenance
- FANTASTIC LOCATION - Located in the heart of Chicago, this site has been a staple in the community since 2009
- OUTSTANDING DEMOGRAPHICS - Surrounded by dense urban infill, with more than 1,000,000 residents living within a 5-mile radius from the site
- STABLE INVESTMENT GRADE TENANT - Walgreens Boots Alliance is publicly traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated BBB- by S&P
- STRATEGICALLY LOCATED RETAIL CORNER - Excellent visibility on a signalized intersection, including a drive-thru pharmacy and electric vehicle charging
- Illinois Broker of Record: Steven Weinstock - P: (630) 570-2200 - Steven.Weinstock@MarcusMillichap.com - Lic #: 471.011175
Executive Summary
Available individually or as a portfolio, ask about our other midwest Walgreens locations.
WALGREENS
Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries.
CHICAGO, IL
Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.5 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region and was exemplified between 2020-2021. Since then, movement back into downtown Chicago is gaining headway as employers increasingly push for hybrid work schedules, while progressing tourism levels support activity in the urban core.
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
WALGREENS
Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries.
CHICAGO, IL
Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.5 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region and was exemplified between 2020-2021. Since then, movement back into downtown Chicago is gaining headway as employers increasingly push for hybrid work schedules, while progressing tourism levels support activity in the urban core.
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
12,515 SF
Building Class
B
Year Built
2009
Price
$10,328,698 CAD
Price Per SF
$825.31 CAD
Cap Rate
7.50%
NOI
$774,652 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.67 AC
Parking
26 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
- Car Charging Station
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $32,278 CAD | |
| Land Assessment | $612,224 CAD | Total Assessment | $644,501 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$612,224 CAD
Improvements Assessment
$32,278 CAD
Total Assessment
$644,501 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens - (California Ave) Chicago, IL | 2744 N California Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.