Investment Overview

Situated as an outparcel to a bustling Walmart Supercenter, this property boasts a prime location within a vibrant shopping center that features well-known tenants like Starbucks, O’Reilly Auto Parts, Wingstop, Subway, AutoZone, and Belle Tire. The highly visible, signalized corner lot is adjacent to a Village Fresh Market, located at the busy intersection of S Kennedy Dr and Lake Marian Rd, where around 33,574 vehicles pass each day. The area is characterized by a wealthy and dense consumer base, with over 112,828 residents and an average household income of $114,553 within a 5-mile radius, making it an appealing site for retail investment. Walgreens, the second-largest pharmacy chain in the United States, has been a tenant of this property for more than 25 years, demonstrating strong historical occupancy alongside reported annual retail sales of $2.3 million. The property offers extremely low rent at approximately $18/SF and minimal landlord responsibilities, making it attractive for investors looking for a more passive income opportunity. Additionally, recent enhancements, including a roof replacement in 2023 with a transferable warranty, increase its investment value. Walgreens' ongoing investment in telehealth and e-commerce ensures it remains well-positioned to meet the growing consumer demand for convenient healthcare solutions in this thriving Chicago metropolitan area.