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Walgreens 840 N Main St 17,754 SF Retail Building Glen Ellyn, IL 60137 $5,895,120 CAD ($332.04 CAD/SF) 10% Cap Rate
Investment Highlights
- NOI $420,000 CAP RATE 10% Seven, 5-Year Walgreens Extensions
- Four Hospitals within 15 Minutes. These hospitals play a critical role in a multitude of healthcare needs all demanding Prescriptions.
- Rent Guaranteed by Walgreens a trusted, global innovator in retail pharmacy playing a critical role in the healthcare ecosystem & mini-mart needs.
- Signalized Corner of St Charles Rd & Main St to the heart of downtown Glen Ellyn with over 20,000 vehicles daily. 5-mile population of over 302,000.
- Glen Ellyn, IL is a prosperous Chicago suburb 24 miles due W of downtown Chicago & 10 miles SW of O'Hare Airport. Household median income of $118,208.
- Critical Drive-Thru Lane. Drive-thru lanes proved to be critical for retailers through the pandemic & towards total sales volume.
Executive Summary
Great Store, Great Location, New Roof, Very Good Financials
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$589,512
|
$33.20
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $589,512 |
| Annual Per SF | $33.20 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,754 SF
Building Class
B
Year Built
2004
Price
$5,895,120 CAD
Price Per SF
$332.04 CAD
Cap Rate
10%
NOI
$589,512 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.54 AC
Zoning
Commercial - Commercial
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 14,543 SF
- -
- Double Net
- Mar 2030
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 14,543 SF | - | Double Net | Mar 2030 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-02-312-013 | Improvements Assessment | $511,386 CAD |
| Land Assessment | $377,708 CAD | Total Assessment | $889,093 CAD |
Property Taxes
Parcel Number
05-02-312-013
Land Assessment
$377,708 CAD
Improvements Assessment
$511,386 CAD
Total Assessment
$889,093 CAD
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Walgreens | 840 N Main St
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