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Drug Store

National Drugstore Portfolio | Walgreens | Plainfield, IL

4822 Caton Farm Rd, Plainfield, IL 60586

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
4.1
Guarantor
Corporate Guarantee
Rentable SF
15,120
Lease Type
Double Net
Rent Per Square Feet
$18.19

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Plainfield is a village in Will County, Illinois, about 38 miles southwest of Chicago. According to the United States Census Bureau, the estimated population within 5 miles was 172,488 in 2021. Several highways pass through Plainfield, including U.S. Route 30, Illinois Routes 59 and 126, and Interstate 55. Plainfield’s population has grown rapidly since the 1990s and is forecast to continue to experience growth, similar to other southwest Chicago suburbs. The community has a large surplus of land that is ripe for development, while boasting a high quality of life and a strategic location for local business growth. Employment within Plainfield is concentrated in three industries: manufacturing, construction, and retail trade. The largest employers in the community are the Plainfield School District, Chicago Bridge and Iron, and Diageo. Caton Farm Road is considered a major arterial in the region and for the residents of Plainfield. There are multiple local and regional retail establishments at the intersection of Caton Farm Road and Division Street, including Kohl’s, Jewel-Osco, and Tony’s Fresh Market.

Investment Highlights

  • Located just off Interstate 59, where traffic counts exceed 29,000 VPD
  • Nearby retailers include Kohl's, Jewel-Osco, and Tony's Fresh Market
  • Highly affluent area, with average household incomes exceeding $132,000 within 1 mile

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Drug Store

National Drugstore Portfolio | Walgreens | Plainfield, IL

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
4.1
Guarantor
Corporate Guarantee
Rentable SF
15,120
Lease Type
Double Net
Rent Per Square Feet
$18.19

Investment Highlights

  • Located just off Interstate 59, where traffic counts exceed 29,000 VPD
  • Nearby retailers include Kohl's, Jewel-Osco, and Tony's Fresh Market
  • Highly affluent area, with average household incomes exceeding $132,000 within 1 mile

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Plainfield is a village in Will County, Illinois, about 38 miles southwest of Chicago. According to the United States Census Bureau, the estimated population within 5 miles was 172,488 in 2021. Several highways pass through Plainfield, including U.S. Route 30, Illinois Routes 59 and 126, and Interstate 55. Plainfield’s population has grown rapidly since the 1990s and is forecast to continue to experience growth, similar to other southwest Chicago suburbs. The community has a large surplus of land that is ripe for development, while boasting a high quality of life and a strategic location for local business growth. Employment within Plainfield is concentrated in three industries: manufacturing, construction, and retail trade. The largest employers in the community are the Plainfield School District, Chicago Bridge and Iron, and Diageo. Caton Farm Road is considered a major arterial in the region and for the residents of Plainfield. There are multiple local and regional retail establishments at the intersection of Caton Farm Road and Division Street, including Kohl’s, Jewel-Osco, and Tony’s Fresh Market.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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