Walgreens Drugstore with NNN
For Sale
Contact for pricing
11833 S Western Ave, Chicago, IL 60643
Established retail operation with approximately six years remaining and ten five-year extension options.
Property SizeContact for details
Days on Market144
Property Features for 11833 S Western Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Pharma Property Group
Listed By:
Jason Pongsrikul · License #CA 01918332
(619) 297-0055
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 2:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
This Chicago-area drugstore property is operated by Walgreens Corporation under an absolute net lease with approximately six years of primary term remaining. The agreement provides ten five-year renewal options and assigns landlord responsibilities to the tenant. The location has a drugstore operating history exceeding 19 years, supported by established sales performance referenced in the property information.
The building occupies the northeast corner of South Western Avenue and West 119th Street, where the roads carry approximately ±19,900 vpd and ±23,600 vpd, respectively. Interstate 57 is one mile east, and the property is approximately seventeen miles south of downtown Chicago. Residential neighborhoods within a three-mile radius include approximately 57,000 households.
Marshfield Plaza is 1.5 miles east and contains over 450,000 square feet of retail space with Old Navy, Burlington Coat Factory, Dollar Tree, GameStop, and Jewel-Osco. Maruichi Leavitt Pipe & Tube is less than one mile west on a 44-acre industrial site with an 850,000-square-foot facility.
The building occupies the northeast corner of South Western Avenue and West 119th Street, where the roads carry approximately ±19,900 vpd and ±23,600 vpd, respectively. Interstate 57 is one mile east, and the property is approximately seventeen miles south of downtown Chicago. Residential neighborhoods within a three-mile radius include approximately 57,000 households.
Marshfield Plaza is 1.5 miles east and contains over 450,000 square feet of retail space with Old Navy, Burlington Coat Factory, Dollar Tree, GameStop, and Jewel-Osco. Maruichi Leavitt Pipe & Tube is less than one mile west on a 44-acre industrial site with an 850,000-square-foot facility.
Key Highlights
- Absolute net lease with approximately six years of primary term remaining
- Ten 5‑year lease extension options with no landlord responsibilities
- Walgreens drugstore operating history exceeding 19 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Pepe's Mexican Restaurant
Dining
4,983 visits/mo
0.2 miles
Demographics for 60643, IL
47,831
Population
19,541
Households
2.4
Avg Household Size
44
Median Age
39%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
6,464
Density / Sq Mi
$83,015
Median Household Income
$53,155
Median Earnings
$1,359
Median Rent
$233,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Similar Off Market Nearby
- Walgreens Pharmacy — 11833 S Western Ave, Chicago, IL 60643
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- Julie Barry, PharmD — 11833 S Western Ave, Chicago, IL 60643
- Stacy Pellegrini, RPH — 11833 S Western Ave, Chicago, IL 60643
- Gregory M. Mavrovic, PharmD — 11833 S Western Ave, Chicago, IL 60643
Frequently Asked Questions
What type of property is this?
Drug store - Established retail operation with approximately six years remaining and ten five-year extension options.
Where is this drug store located?
The property is located at 11833 S Western Ave Chicago, IL.
What are key features of this property?
This property features: Absolute net lease with approximately six years of primary term remaining; Ten 5‑year lease extension options with no landlord responsibilities; Walgreens drugstore operating history exceeding 19 years
