For Sale
$4,940,000
28895 Il-120 Lakemoor, IL 60051
High-yield Walgreens, 14+ years remaining.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- Fee-simple Walgreens located in the Chicago MSA, a high-traffic area with over 29,000 vehicles per day.
- 14,820 square foot building on a 1.6-acre lot, constructed in 2013 with high-quality brick construction.
- 25-year absolute NNN lease with Walgreens, a Fortune 500 company, with 14.4 years remaining, expiring October 31, 2038.
- Strong investment opportunity with a 7.75% cap rate and a Net Operating Income (NOI) of $382,875. Asking price: $4,940,000.
- Only drugstore within a 3-mile radius, serving an affluent community with an average household income exceeding $105,000 within a 5-mile radius. Proximity to major assisted living facilities and Northwestern Medicine McHenry Hospital.
- Excellent visibility due to its corner lot location on W. IL Route 120 & N. Darrell Rd. Located near a major new development anchored by a large grocery store and other popular retailers.
Property Details for 28895 Il-120
- Property type
- Retail properties, Drug stores
- Year Built
- 2013
- Lot Size (sq. ft)
- 69,696 SF
Location Insight
- City
- Lakemoor
- County
- Lake
- State
- Illinois
- Latitude
- 42.3269536
- Longitude
- -88.1960778
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield Walgreens, 14+ years remaining.
- Where is the retail property located?
- The property is located at 28895 Il-120 Lakemoor, IL.
- What is the asking price?
- The asking price for this property is $4,940,000.
- What are key features of this property?
- This property features: Fee-simple Walgreens located in the Chicago MSA, a high-traffic area with over 29,000 vehicles per day.; 14,820 square foot building on a 1.6-acre lot, constructed in 2013 with high-quality brick construction.; 25-year absolute NNN lease with Walgreens, a Fortune 500 company, with 14.4 years remaining, expiring October 31, 2038.
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