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Walgreens 411 W Lincoln Ave 14,550 SF Retail Building Charleston, IL 61920 $6,753,817 CAD ($464.18 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 7 years remain on the primary lease term
- Located along West Lincoln Avenue (IL-16) (24,600 VPD)
- Neighboring retailers include Starbucks, Ace Hardware, McDonald’s, Chevrolet, Buick, GMC, Ruler Foods, & several others
- Successful operating history since 2008 – demonstrating commitment
- Within walking distance from Eastern Illinois University (9,000+ students)
- $76,187 Average household income within five miles
EXECUTIVE SUMMARY
The 14,550-square-foot building is strategically located along West Lincoln Avenue, also known as IL-16, which is a major thoroughfare for the area that experiences over 24,600 vehicles per day. IL-16 also connects the property to Eastern Illinois University. The university is found less than one mile east of the subject and enrolls over 9,000 students every year. Neighboring retailers found nearby include Starbucks, Ace Hardware, McDonald’s, Chevrolet, Buick, GMC, Ruler Foods, and several others. There are over 19,000 people living within a five-mile radius. Those of which earn an average household income of $76,187.
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.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Triple Net
- Nov 2032
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Triple Net | Nov 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-2-17937-000 | Improvements Assessment | $112,546 CAD |
| Land Assessment | $298,794 CAD | Total Assessment | $411,341 CAD |
PROPERTY TAXES
Presented by
Walgreens | 411 W Lincoln Ave
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