540 N Schmale Rd
Carol Stream, IL 60188
Walgreens · Retail Property For Sale

• Corporate Guarantee
• Very Strong Reported Store Sales
• NN Lease: January 2034 Lease expiration and 7x5-year renewal options.
•This Walgreens property presents a rare opportunity to acquire a corporately guaranteed, income-producing asset in a high-demand Chicago MSA location. The store reports exceptionally strong sales performance, supported by its strategic position adjacent to the Schmale–Fullerton Industrial Corridor—a 14-million-square-foot, fully occupied industrial hub that drives consistent customer traffic and sustains long-term retail demand.
The property is secured by a NN lease with minimal landlord responsibilities, providing stable cash flow through January 2034 and seven additional 5-year renewal options. This structure ensures predictable income and long-term tenancy from a nationally recognized credit tenant.
Situated at the intersection of N. Schmale Road and Fullerton Avenue, the site benefits from outstanding visibility to approximately 30,000 vehicles per day and serves a densely populated trade area with 9,800 residents within one mile and over 106,600 within three miles. These demographics, combined with the property’s proximity to a vibrant employment base, reinforce the store’s strong operating performance.
Offered at $2,775,000 with a 7.21% cap rate, this asset delivers an attractive blend of security, longevity, and market fundamentals, making it an excellent addition to any investment portfolio.