Walgreens Absolute NNN Investment | Chicago North Shore (Glenview, IL)

Lee & Associates, in conjunction with Bang Realty, is pleased to present a premier single-tenant net lease (STNL) investment opportunity: a corporate-guaranteed Walgreens located in the prestigious North Shore submarket of the Chicago MSA. This investment-grade retail asset offers a "bond-wrapped" income stream in one of Illinois’ most affluent communities.

Investment Highlights

• Absolute Triple-Net (NNN) Lease: Zero landlord responsibilities. The tenant is responsible for all taxes, insurance, and maintenance, providing a truly passive income stream.

• Corporate Guaranty (NASDAQ: WBA): Leased to Bond Drug Company of Illinois, LLC with a full guaranty from Walgreens Co., ensuring secure, high-credit tenancy.

• Stable Long-Term Cash Flow: Approximately 9+ years of firm term remaining with eleven (11) 5-year renewal options.

• Proven Historical Performance: Walgreens has successfully operated at this location for over 30 years, with reported annual sales exceeding $3.0 million.

• Modern Prototype Design: The 15,167 SF building was fully renovated in 2014 and includes a high-volume drive-thru pharmacy.

Trophy North Shore Location & Demographics

Situated 20 miles north of downtown Chicago, the property is a cornerstone of the Glenview retail corridor:

• Elite Demographics: Serves a dense, wealthy population with average household incomes exceeding $200,000 within a 3-mile radius.

• Dominant Retail Positioning: Anchored within Glenbrook Marketplace and shadow-anchored by Plaza Del Prado, a grocery-anchored center drawing over 1.7 million annual visits.

• Exceptional Traffic Counts: Located on Pfingsten Road with combined exposure to over 51,000 Vehicles Per Day (VPD).

• Strategic Real Estate: A large 1.62-acre parcel in a high-barrier-to-entry market, ensuring long-term intrinsic land value.

Ideal for 1031 Exchange Investors

This Walgreens for sale in Glenview represents a rare opportunity to acquire a high-performing pharmacy in a top-tier US submarket. Its combination of investment-grade credit, long-term historical success, and zero-management structure makes it a perfect fit for capital preservation and stable yield.