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Drug Store

Walgreens | 15YR Extension | Exceptional Sales | 24HR Store

498 N Weber Rd, Romeoville, IL 60446

Listing Price: $6,700,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
15.3
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$462.39
Lease Type
Double Net
Rent Per Square Feet
$23.12

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee-simple interest in a single- tenant Walgreens in Romeoville, Illinois. This is a 24-hour location with a double drive-thru. This location reports some of the most exceptional store sales of any Walgreens opportunity currently on the market. Typically, a store has to be in the top 10 percent of Walgreens stores by sales volumes in order to earn the 24-hour distinction. This store's reported sales are about double that of an average Walgreens. There is limited drug store competition in the immediate trade area and this location enjoys traffic counts of over 40,000 vehicles per day. More importantly, this Walgreens is located adjacent to the entrance to Carillon, a vast senior living development with over 2,100 homes specifically designated for active adults who are over 55 years old. The cloverleaf on and off ramp of 1-55 is within a mile of this property as well. Walgreens just simultaneously exercised three consecutive five- year option periods and currently has more than 15 years of lease remaining, with seven additional five-year options remaining. This is an opportunity to purchase an extraordinarily high-performing Walgreens, with 15 years of lease term remaining, backed by investment grade credit.

Investment Highlights

  • Single Tenant Walgreens (S&P Credit Rating BBB) with 20 Year Operating History - Walgreens Extended Lease for an Additional 15 Years
  • Staggering Store Sales - Reported Sales are Almost Double the National Average
  • 24-Hour Store - Privilege Reserved for the Top 10% of Stores by Sales Volume
  • Positioned at a Signalized Intersection, Adjacent to the Entrance to Carillon, a Senior Living Development with over 2,100 Homes
  • Over 40,000 Vehicles per Day | Located One Mile from the Entrance to Interstate 55 - 77,800 Vehicles per Day
  • Advocate Health Clinic Located in the Store | Double-Lane Drive-Thru
  • Brand New Roof Installed in 2021 | Transferrable Warranty

Exclusively Listed By

Financing By

Drug Store

Walgreens | 15YR Extension | Exceptional Sales | 24HR Store

Listing Price: $6,700,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
15.3
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$462.39
Lease Type
Double Net
Rent Per Square Feet
$23.12

Investment Highlights

  • Single Tenant Walgreens (S&P Credit Rating BBB) with 20 Year Operating History - Walgreens Extended Lease for an Additional 15 Years
  • Staggering Store Sales - Reported Sales are Almost Double the National Average
  • 24-Hour Store - Privilege Reserved for the Top 10% of Stores by Sales Volume
  • Positioned at a Signalized Intersection, Adjacent to the Entrance to Carillon, a Senior Living Development with over 2,100 Homes
  • Over 40,000 Vehicles per Day | Located One Mile from the Entrance to Interstate 55 - 77,800 Vehicles per Day
  • Advocate Health Clinic Located in the Store | Double-Lane Drive-Thru
  • Brand New Roof Installed in 2021 | Transferrable Warranty

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee-simple interest in a single- tenant Walgreens in Romeoville, Illinois. This is a 24-hour location with a double drive-thru. This location reports some of the most exceptional store sales of any Walgreens opportunity currently on the market. Typically, a store has to be in the top 10 percent of Walgreens stores by sales volumes in order to earn the 24-hour distinction. This store's reported sales are about double that of an average Walgreens. There is limited drug store competition in the immediate trade area and this location enjoys traffic counts of over 40,000 vehicles per day. More importantly, this Walgreens is located adjacent to the entrance to Carillon, a vast senior living development with over 2,100 homes specifically designated for active adults who are over 55 years old. The cloverleaf on and off ramp of 1-55 is within a mile of this property as well. Walgreens just simultaneously exercised three consecutive five- year option periods and currently has more than 15 years of lease remaining, with seven additional five-year options remaining. This is an opportunity to purchase an extraordinarily high-performing Walgreens, with 15 years of lease term remaining, backed by investment grade credit.

Exclusively Listed By

Financing By

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