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    8400 171St St Tinley Park, IL 60487

    Sponsored
    For Sale
    $5,785,714

    High-yield Walgreens in prime location.

    Property size:
    14,820 SF

    Description

    Added:
    Feb 14, 2025
    Days on Market:
    326
    This exceptional investment opportunity presents a 14,820-square-foot Walgreens, operating under an absolute NNN lease with over 7 years remaining until 2032, plus ten 5-year renewal options. Located in Tinley Park, Illinois, within the Chicago MSA, this property boasts a 7.00% cap rate and a strong NOI of $405,000. The building, constructed in 2007, sits on a 1.45-acre lot at a signalized intersection with high visibility and traffic counts exceeding 23,400 vehicles daily. Benefiting from proximity to major thoroughfares like South LaGrange Road (43,100 VPD) and Interstate 80 (122,400 VPD), the property enjoys excellent accessibility. The affluent surrounding community features over 174,000 residents within a five-mile radius, with an average household income exceeding $143,282 within one mile. This Walgreens location, operational since 2007, demonstrates a successful track record and benefits from its proximity to Victor Andrew High School and the Tinley Park Park District, ensuring consistent traffic. The asking price is $5,785,714, representing a compelling investment opportunity in a stable, high-traffic area with a nationally recognized tenant. The property's strong demographics, favorable lease terms, and high visibility make it an attractive addition to any portfolio. This is a truly exceptional opportunity to acquire a well-established, high-performing Walgreens property in a thriving market.

    Property Features for 8400 171St St

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,820 SF
    Lot Size
    63,162 SF

    Building Details

    Year Built
    2007

    HighLights

    • $5,785,714 asking price for a Walgreens net‑leased property.
    • 7.00% cap rate with a $405,000 NOI.
    • Absolute NNN lease with Walgreens, a Fortune 500 company.
    • 14,820 square feet on a 1.45‑acre lot, built in 2007.
    • 7.6 years remaining on the primary lease term, with ten 5‑year renewal options.
    • Located in a high‑traffic area of Tinley Park, IL, within the Chicago MSA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Walgreens Drug Store COVID-19 Drive-Thru Testing ... Pharmacy Redbox Movie Rental Kiosk FedEx OnSite Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8234276
    Latitude
    41.5805735

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens in prime location.
    Where is this individual retail property located?
    The property is located at 8400 171St St Tinley Park, IL.
    What is the asking price?
    The asking price for this property is $5,785,714.
    What are key features of this property?
    This property features: $5,785,714 asking price for a Walgreens net-leased property.; 7.00% cap rate with a $405,000 NOI.; Absolute NNN lease with Walgreens, a Fortune 500 company.
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    8400 171St St Tinley Park, IL 60487
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8400 171St St Tinley Park, IL 60487
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