399 Lake Marian RdCarpentersville, IL 60110

Property Details for 399 Lake Marian Rd

Year built

1999

Property size (Sq ft)

13,833 SF

Property type

Commercial real estate

APN

03-14-277-001

APU

314277001

Description

This exceptional net-lease investment opportunity presents a 13,776 square foot Walgreens conveniently located in Carpentersville, Illinois, at 399 Lake Marian Rd, 60110. Situated on a 1.74-acre lot, this property benefits from its strategic outparcel position within a busy Walmart-anchored shopping center, alongside notable tenants such as Starbucks, O'Reilly Auto Parts, and more. The property enjoys high visibility at a signalized corner lot with significant daily traffic (33,574 cars/day) at the intersection of S Kennedy Dr and Lake Marian Rd. The affluent area boasts a population exceeding 112,828 within a 5-mile radius, with an average household income of $114,553. The Walgreens lease, with a remaining term of 5.8 years, includes eight 5-year options, extending the lease to 2030. The current asking price is $3,455,255, representing a 7.25% cap rate and a net operating income (NOI) of $250,506. The low rent of approximately $18 per square foot and minimal landlord responsibilities make this an attractive passive investment. Built in 1999, the property features a recently replaced roof (2023) with a transferable warranty. Walgreens, a Fortune 500 company with a long history of success and over 9,000 locations, has occupied this property for over 25 years, demonstrating a strong commitment to the location. The property's strong sales history (over $2.3M annually) further underscores its value and potential. This is a rare opportunity to acquire a stable, high-performing retail investment in a prime location.

• Alternative Use

  Use

  Valuation

  Residential

  $2,858,920

  Hospitality

  $2,618,755

  Educational

  $2,178,774

  Medical

  $2,253,705

  Retail

  $3,389,204

Location Insight

City

Carpentersville

County

Kane

State

Illinois

Latitude

42.1207

Longitude

-88.2588

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].