Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 3732 Nameoki Road in Granite City, Illinois, a key retail destination within the Greater St. Louis Metropolitan Area. The subject property consists of a 16,380 SF free-standing building with a drive-thru, situated on a 1.98-acre parcel along a highly trafficked thoroughfare with over 18,000 vehicles per day. Granite City is strategically positioned just a few miles from five major interstate highways (I-270, I-255, I-70, I-55, and I-64), providing seamless regional access and strong connectivity to St. Louis and beyond. The area is home to a diverse mix of national retailers including Applebee’s, Arby’s, McDonald’s, AutoZone, Goodwill, Schnucks Grocery, and Caliver Furniture, reinforcing its role as a wellestablished retail corridor. The property also benefits from proximity to Southern Illinois University Edwardsville (14,235 students) and Southwestern Illinois College (13,221 students), contributing to steady consumer activity. Additionally, Gateway Regional Medical Center, SIHF Healthcare, and Chestnut Family Health Center are located nearby, further driving daytime traffic and demand for essential services. This Absolute NNN Lease requires zero landlord responsibility, making it a passive investment opportunity backed by a Walgreens corporate guarantee (NYSE: WBA). The current lease term runs through January 31, 2027, and has ten (10) fiveyear renewal options, providing long-term stability. Walgreens Boots Alliance (NASDAQ: WBA) operates over 12,700 stores across all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, along with worksite health centers, home care facilities, and specialty and mail service pharmacies. In fiscal year 2024, the company reported $147.7 billion in revenue reflecting continued strength in its healthcare and retail segments.