Walgreens Drive-Thru Retail
For Sale
Contact for pricing
450 S Schoolhouse Rd, New Lenox, IL 60451
Single-tenant Walgreens with a drive-thru pharmacy, offered for fee simple ownership on an absolute NNN lease.
Property SizeContact for details
Days on Market132
Property Features for 450 S Schoolhouse Rd
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
19,800 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Chicago
(312) 279-5345
Listed By:
Sean Lutz · License #IL 475132482
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 7:37PM
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
Investment Insights
Based on property information with market context.
SRS National Net Lease Group presents a fee simple Walgreens investment property with an absolute NNN structure and corporate guarantee by Walgreen Co. The asset is currently NNN leased to Walgreen Co., with 15 years remaining in the initial term and six (5-year) options to extend. The lease includes 5% rental increases every five years throughout the initial term and option periods.
Located in New Lenox, Illinois at a signalized, hard corner intersection along S. Schoolhouse Road and E. Lincoln Highway, the site benefits from significant street frontage and visibility from both cross-streets. The property includes a drive-thru pharmacy.
The location is described as positioned within the New Lenox retail corridor, between Target and Walmart Supercenter, and near multiple national and credit tenants including Lowe’s Home Improvement, Aldi, T.J. Maxx, Ross Dress for Less, Goodwill, and Petco. The property is directly across from Lincoln-Way Central High School.
Located in New Lenox, Illinois at a signalized, hard corner intersection along S. Schoolhouse Road and E. Lincoln Highway, the site benefits from significant street frontage and visibility from both cross-streets. The property includes a drive-thru pharmacy.
The location is described as positioned within the New Lenox retail corridor, between Target and Walmart Supercenter, and near multiple national and credit tenants including Lowe’s Home Improvement, Aldi, T.J. Maxx, Ross Dress for Less, Goodwill, and Petco. The property is directly across from Lincoln-Way Central High School.
Key Highlights
- Fee simple ownership interest in a Walgreens building on an absolute NNN lease with zero landlord responsibilities.
- Corporate‑guaranteed by Walgreen Co. (S&P: BBB) with 15 years remaining in the initial term plus 6 (5‑year) options to extend.
- Lease structure includes 5% rental increases every 5 years throughout the initial term and option periods.
Property Analytics
Property Profile
Current Use
Lease Details
19,800 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
280k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Superstores 27%
Home Improvements & Furnishings 11%
Shops & Services 8%
Target
Superstores
76,942 visits/mo
0.3 miles
Portillo's
Dining
43,210 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
30,862 visits/mo
0.4 miles
Cooper's Hawk Winery & Restaurant
Dining
30,530 visits/mo
0.2 miles
Chili's Grill & Bar
Dining
18,179 visits/mo
0.3 miles
Demographics for 60451, IL
36,561
Population
12,972
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
25.2 sq mi
ZIP Area
1,451
Density / Sq Mi
$132,260
Median Household Income
$63,418
Median Earnings
$1,304
Median Rent
$373,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant Walgreens with a drive-thru pharmacy, offered for fee simple ownership on an absolute NNN lease.
Where is this nnn property located?
The property is located at 450 S Schoolhouse Rd New Lenox, IL.
What are key features of this property?
This property features: Fee simple ownership interest in a Walgreens building on an absolute NNN lease with zero landlord responsibilities.; Corporate‑guaranteed by Walgreen Co. (S&P: BBB) with 15 years remaining in the initial term plus 6 (5‑year) options to extend.; Lease structure includes 5% rental increases every 5 years throughout the initial term and option periods.
