Dixon Walgreens NNN Lease
For Sale
Contact for pricing
Pending
1275 N Galena Ave, Dixon, IL 61021
Long-term NNN lease with rare 5% rent increases every 5-years.
Property SizeContact for details
Days on Market147
Property Features for 1275 N Galena Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Aug 19
Last Checked: Sep 1 at 9:02PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
94k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 34%
Groceries 19%
Home Improvements & Furnishings 8%
Culver's
Dining
19,639 visits/mo
0.2 miles
County Market
Groceries
17,562 visits/mo
0.4 miles
Taco Bell
Dining
8,417 visits/mo
0.2 miles
Mobil
Shops & Services
8,317 visits/mo
0.2 miles
Ace Hardware & Outdoor Center
Home Improvements & Furnishings
7,690 visits/mo
0.4 miles
Demographics for 61021, IL
22,984
Population
10,110
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
150.1 sq mi
ZIP Area
153
Density / Sq Mi
$65,719
Median Household Income
$40,805
Median Earnings
$823
Median Rent
$144,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- JessiLynn LLC — 309 Lincoln Way, Dixon, IL 61021
- Ted Cooper — 301 N Galena Ave, Dixon, IL 610212113
- James Pietryga — 301 N Galena Ave, Dixon, IL 610212113
- COVID-19 Drive-Thru Testing at Walgreens — 1275 N Galena Ave, Dixon, IL 61021
- Akilavanith Madheswaran — 1275 N Galena Ave, Dixon, IL 610211001
Frequently Asked Questions
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.
