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Shopping Neighborhood

Walgreens Anchored Plaza | Blocks to University & Public Transportation

2100-2130 Green Bay Rd, Evanston, IL 60201

Listing Price: $6,100,400

Cap Rate
6.50%
Gross SF
24,165
Rentable SF
24,165
Price/Gross SF
$252.45
Lot Size
1.10 acres
Year Built
1992

Investment Overview

Marcus & Millichap is pleased to present a two-building shopping center anchored by Walgreens and the Social Security Administration located in Evanston, Illinois. Both Walgreens and the Dry Cleaners have occupied space in the center since 1992. Walgreens has six years remaining on term with four, five-year renewal options. The dry cleaners has just over four years remaining on the term. The Social Security Administration has occupied space in the center since 1992 and has over nine years remaining on term with two percent annual rental increases with two, five-year options remaining. The buyer will benefit from new roofs installed 2020. Fundamentally strong real estate is located on a hard corner, stoplight location with high visibility. There are three points of full ingress/egress off of Simpson Street and Green Bay Road. Dense, infill area with high barriers-to-entry. Located along Green Bay Road with 20,600 vehicles passing per day. Blocks to Northwestern University, Evanston Township High School and major national retailers. Local notable retailers include Target, Trader Joe’s, Walmart, Whole Foods, AutoZone and more. Half a mile to Northshore Evanston Hospital, a 354-bed teaching hospital with a level I trauma center, neurological institute and women’s hospital. Transit-oriented location with multiple forms of public transportation. .4 miles to CTA purple line Foster train station (1,152,005 annual ridership). A little over half a mile to the Metra Union Pacific North commuter rail Central Street train station with 8,552,117 annual ridership. The Pace bus route number 23 is located at the center. Heavily populated, affluent area with a population of 151,378 people with an average household income of $139,496 within three miles from the subject property.

Investment Highlights

  • Two-Building Shopping Center Anchored by Walgreens and the Social Security Administration
  • Buyer Will Benefit from New Roofs Installed 2020
  • Fundamentally Strong Real Estate | Hard Corner, Stoplight Location with High Visibility
  • Blocks to Northwestern University, Evanston Township High School and Major National Retailers
  • .6 Miles to Northshore Evanston Hospital | Principal Home to NorthShore Cardiovascular Institute and Kellogg Cancer Center
  • Transit-Oriented Location with Multiple Forms of Public Transportation
  • Heavily Populated, Affluent Area

Exclusively Listed By

Shopping Neighborhood

Walgreens Anchored Plaza | Blocks to University & Public Transportation

Listing Price: $6,100,400

Cap Rate
6.50%
Gross SF
24,165
Rentable SF
24,165
Price/Gross SF
$252.45
Lot Size
1.10 acres
Year Built
1992

Investment Highlights

  • Two-Building Shopping Center Anchored by Walgreens and the Social Security Administration
  • Buyer Will Benefit from New Roofs Installed 2020
  • Fundamentally Strong Real Estate | Hard Corner, Stoplight Location with High Visibility
  • Blocks to Northwestern University, Evanston Township High School and Major National Retailers
  • .6 Miles to Northshore Evanston Hospital | Principal Home to NorthShore Cardiovascular Institute and Kellogg Cancer Center
  • Transit-Oriented Location with Multiple Forms of Public Transportation
  • Heavily Populated, Affluent Area

Investment Overview

Marcus & Millichap is pleased to present a two-building shopping center anchored by Walgreens and the Social Security Administration located in Evanston, Illinois. Both Walgreens and the Dry Cleaners have occupied space in the center since 1992. Walgreens has six years remaining on term with four, five-year renewal options. The dry cleaners has just over four years remaining on the term. The Social Security Administration has occupied space in the center since 1992 and has over nine years remaining on term with two percent annual rental increases with two, five-year options remaining. The buyer will benefit from new roofs installed 2020. Fundamentally strong real estate is located on a hard corner, stoplight location with high visibility. There are three points of full ingress/egress off of Simpson Street and Green Bay Road. Dense, infill area with high barriers-to-entry. Located along Green Bay Road with 20,600 vehicles passing per day. Blocks to Northwestern University, Evanston Township High School and major national retailers. Local notable retailers include Target, Trader Joe’s, Walmart, Whole Foods, AutoZone and more. Half a mile to Northshore Evanston Hospital, a 354-bed teaching hospital with a level I trauma center, neurological institute and women’s hospital. Transit-oriented location with multiple forms of public transportation. .4 miles to CTA purple line Foster train station (1,152,005 annual ridership). A little over half a mile to the Metra Union Pacific North commuter rail Central Street train station with 8,552,117 annual ridership. The Pace bus route number 23 is located at the center. Heavily populated, affluent area with a population of 151,378 people with an average household income of $139,496 within three miles from the subject property.

Exclusively Listed By

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