CVS - Mobile, AL | Absolute NNN Lease | Investment Grade Credit
Mobile, AL
Walgreens | Chicago | Strong Reported Sales
2871 Pfingsten Rd, Glenview, IL 60026
Price: $8,450,000
Status: Available
Cap Rate: 5.85%
Year Built: 1990/Remodeled 2014
NOI: $494,250
Lot Size: 1.62 acres
Price Per Foot: $557
Lease Type: Triple-Net (NNN)
Remaining Term: 11+ Years
GLA: 15,167 sqft
Property Intro
Lee & Associates in conjunction with Bang Realty-Illinois, Inc is pleased to exclusively offer for sale, the fee simple interest of a Walgreens investment property located in Glenview, Illinois (the “Property”). Built in 1990, the Property consists of a 15,167-square-foot retail building with a drive-thru that sits on an approximately 1.62-acre parcel. In 2014, Walgreens completed a full renovation and remodel of this building to its newest prototype and drive-thru pharmacy. The Property is located in the Glenbrook Marketplace, in the affluent North Shore suburb of Glenview, where there are over 84,000 residents in a 3-mile radius.
investment highlights
- Walgreens Co. – Investment Grade Credit – Absolute Triple-Net (NNN) Lease – Zero Landlord Responsibilities
- 30+ Year Successful Operating History at This Location
- Full Renovation and Remodel Completed in 2014 to Walgreens Newest Prototype & Drive-Thru Pharmacy
- Exceptionally Strong Reported Annual Sales – Future Long Term Tenancy & Profitability
- Strategically Anchored Within The Glenbrook Marketplace (Over 660K Visitors/Year) – Shadow Anchored by Grocery Anchored Center (Over 1.7M Visitors/Year)
- Located Along Chicago’s Affluent & Highly Desirable North Shore Submarket
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