Dixon Walgreens NNN Lease
1275 N Galena Ave, Dixon, IL 61021
Long-term NNN lease with rare 5% rent increases every 5-years.
Type:Retail
- Added:
- Apr 11, 2026
- Days on Market:
- 53
- Last Refresh:
- Apr 11 at 6:40 pm
Property Features for 1275 N Galena Ave
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agent Jason Hernandez License #CA 01392646
Listing office Marcus & Millichap - Nashville
Listing date Apr 11, 2026
Source Crexi
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 Marcus & Millichap - Nashville
HighLights
- Long‑term Absolute NNN Lease offers a truly passive income stream with zero landlord responsibilities.
- Guaranteed by Walgreen Co., providing stability and security.
- Rare 5% rent increases every 5 years during the original term and renewal options, significantly enhancing cash flow.
- Critical drive‑through lane, a highly desirable feature in today's market, especially for pharmacies.
- Located on a hard corner with excellent visibility and high traffic counts (17,400 VPD).
- Proximity to KSB Hospital (80 beds, ~1,000 employees), a major employer and regional healthcare hub.
Overview
This commercial property is under a long-term Absolute NNN Lease, meaning there are no landlord management or maintenance responsibilities. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. The lease includes 5% rent increases every 5 years during the original term and the twelve 5-year renewal options, potentially providing more cash flow than a traditional flat Walgreens lease. The property features a drive-through lane. It is located on a signalized hard corner with frontage along N. Galena Avenue and 4th Avenue, with combined traffic counts of 17,400 VPD. The property has a 30-year operational history. It is located approximately 1.5 miles north of KSB Hospital, which has 80 beds and employs close to 1,000 people in the main hospital and surrounding clinics. As a pharmacy-led health care company, Walgreens Boots Alliance works to ensure the safety and well-being of their colleagues, patients, and customers. Their retail pharmacies provide up-to-date information and public health guidelines to customers, and their emergency response teams work with the United States federal government to expand access to COVID-19 testing. The property is located in Dixon, IL.
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
FedEx OnSite
Postal Service
Coinhub Bitcoin ATM ...
Atm
COVID-19 Drive-Thru Testing ...
Pharmacy
Walgreens
Pharmacy
Similar Places Nearby
- COVID-19 Drive-Thru Testing at Walgreens — 1275 N Galena Ave, Dixon, IL 61021
- Akilavanith Madheswaran — 1275 N Galena Ave, Dixon, IL 610211001
- James Pietryga — 301 N Galena Ave, Dixon, IL 610212113
- Ted Cooper — 301 N Galena Ave, Dixon, IL 610212113
- JessiLynn LLC — 309 Lincoln Way, Dixon, IL 61021
Location Insight
- Map
- Local Demand
- City
- Dixon
- County
- Lee
- State
- Illinois
- Longitude
- -89.4957223
- Latitude
- 41.8596056
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Long-term NNN lease with rare 5% rent increases every 5-years.
Where is this drug store located?
The property is located at 1275 N Galena Ave Dixon, IL.
What are key features of this property?
This property features: Long‑term Absolute NNN Lease offers a truly passive income stream with zero landlord responsibilities.; Guaranteed by Walgreen Co., providing stability and security.; Rare 5% rent increases every 5 years during the original term and renewal options, significantly enhancing cash flow.
