Walgreens NN Lease Investment Opportunity

835 W Galena Ave, Freeport, IL

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For Sale

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NN leased Walgreens in Freeport, IL with corporate guarantee.

Type:RETAIL

Property size:

12,023 SF

Lot size:

0.98 Acres

Price / SF:

$136/SF

HighLights

Corporate guaranteed lease by Walgreens (S&P: BBB), an investment‑grade tenant.
NN lease structure with limited landlord responsibilities, ideal for passive investors.
Tenant has a long operating history (20+ years) at this location, demonstrating commitment.
Over 3 years remaining on the initial lease term with 5 (5‑year) option periods.
Located in Freeport, IL (Rockford MSA).
Walgreens is a Fortune 500 company (Ranked #16) and one of the World’s Most Admired Companies.

We can help!

Listing Contact

Sean Lutz

For Sale

Contact for pricing

NN leased Walgreens in Freeport, IL with corporate guarantee.

Type:RETAIL

Property size:

12,023 SF

Lot size:

0.98 Acres

Price / SF:

$136/SF

Added:: Mar 14, 2025
Days on Market:: 464
Last Refresh:: May 20 at 9:16 pm

Property Features for 835 W Galena Ave

General Information

Standard status: Active
Size: 12,023 SF
Lot size: 0.98 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Sean Lutz

Listing agent Sean Lutz License #475132482

Listing office SRS Real Estate Partners | Chicago

Listing date Mar 14, 2025

Source Moodyscre

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 SRS Real Estate Partners | Chicago

HighLights

Corporate guaranteed lease by Walgreens (S&P: BBB), an investment‑grade tenant.
NN lease structure with limited landlord responsibilities, ideal for passive investors.
Tenant has a long operating history (20+ years) at this location, demonstrating commitment.
Over 3 years remaining on the initial lease term with 5 (5‑year) option periods.
Located in Freeport, IL (Rockford MSA).
Walgreens is a Fortune 500 company (Ranked #16) and one of the World’s Most Admired Companies.

Overview

This is a fee simple interest (land & building ownership) opportunity to acquire a NN leased, corporate guaranteed, investment grade Walgreens investment property in Freeport, IL (Rockford MSA). The tenant, Bond Drug Company of Illinois, LLC, has over 3 years remaining on their initial term with 5 (5-year) option periods left to extend. The tenant has operated at this location for more than 20 years and extended their lease by an additional 10 years, demonstrating long-term commitment to the site. The lease is guaranteed by the corporate entity and is NN with limited landlord responsibilities. Headquartered in Deerfield, IL, Walgreens operates more than 9,200 stores across all 50 states and was recently included in FORTUNE’s 2020 list of the World’s Most Admired Companies for the 27th consecutive year. Walgreens is currently ranked number 16 on the Fortune 500. The property is suitable for passive investors.

Property Profile Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Similar Places Nearby

Walgreens Pharmacy — 835 W Galena Ave, Freeport, IL 61032
Nicole R. Gerber, Pharm — 835 w galena ave, freeport, il 61032
Brian Reusch — 835 W Galena Ave, Freeport, IL 610323973
Nicole Gerber — 835 W Galena Ave, Freeport, IL 610323973
Skin Beauty by Stacie Green — 6 E Stephenson St, Freeport, IL 61032

Location Insight

Map
Local Demand

City: Freeport
County: Stephenson
State: Illinois
Longitude: -89.6329
Latitude: 42.3014

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For sale
Drug stores
IL
Freeport
835 W Galena Ave

What type of property is this?

Drug store - NN leased Walgreens in Freeport, IL with corporate guarantee.

Where is this drug store located?

The property is located at 835 W Galena Ave Freeport, IL.

What is the asking price?

The asking price for this property is $1,636,000.

What are key features of this property?

This property features: Corporate guaranteed lease by Walgreens (S&P: BBB), an investment‑grade tenant.; NN lease structure with limited landlord responsibilities, ideal for passive investors.; Tenant has a long operating history (20+ years) at this location, demonstrating commitment.

835 W Galena Ave, Freeport, IL

NN leased Walgreens in Freeport, IL with corporate guarantee.

Property Features for 835 W Galena Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Freeport Commercial Property For Sale

Commercial Property in Freeport, IL

Wedding and Event Venue Property

Turnkey Automotive Building on Galena

Freeport Duplex: Owner-Occupant Opportunity

Office and Storage Building

Freeport Mixed-Use Investment Opportunity

Unique Freeport Commercial "Dome" Building

Free-Standing Oral Surgery Office

Downtown Freeport Retail Opportunity

Two-Unit Duplex With One Vacant Unit

Free-Standing Oral Surgery Office

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