NNN Leased Walgreens
For Sale
Contact for pricing
Pending
4700 S Halsted St, Chicago, IL 60609
Fee simple Walgreens investment with a NNN lease and corporate guarantee, with landlord responsibilities limited to roof, structure, and parking area.
Property SizeContact for details
Days on Market147
Property Features for 4700 S Halsted St
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 12
Changed: Aug 24
Last Checked: Sep 2 at 7:03PM
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 Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the fee simple interest (land & building ownership) in a Walgreens investment property in Chicago, Illinois, subject to a NNN lease. The property is leased to Bond Drug Company of Illinois, LLC, with over 11 years remaining in the initial term and four additional five-year options to extend. The lease is corporate guaranteed by Walgreen Co. (S&P: BBB) under an investment-grade credit profile.
Under the NNN structure, landlord responsibilities are limited to roof, structure, and the parking area, providing a low-management ownership model. Walgreens operates more than 9,200 stores across all 50 states, and is described in the remarks as having been included in FORTUNE’s 2020 list of the World’s Most Admired Companies for the 27th consecutive year.
The asset is located at 4700 S Halsted St, Chicago, IL 60609.
Under the NNN structure, landlord responsibilities are limited to roof, structure, and the parking area, providing a low-management ownership model. Walgreens operates more than 9,200 stores across all 50 states, and is described in the remarks as having been included in FORTUNE’s 2020 list of the World’s Most Admired Companies for the 27th consecutive year.
The asset is located at 4700 S Halsted St, Chicago, IL 60609.
Key Highlights
- Fee simple Walgreens investment property in Chicago, IL with NNN lease structure
- Tenant: Bond Drug Company of Illinois, LLC; over 11 years remaining in initial term plus 4 (5‑year) extension options
- Lease is corporate guaranteed by Walgreen Co. (S&P: BBB)
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 29%
Apparel 18%
Family Dollar
Shops & Services
17,847 visits/mo
0.1 miles
Dunkin' Donuts
Dining
9,645 visits/mo
0.0 miles
Citi Trends
Apparel
6,152 visits/mo
0.1 miles
Demographics for 60609, IL
65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple Walgreens investment with a NNN lease and corporate guarantee, with landlord responsibilities limited to roof, structure, and parking area.
Where is this nnn property located?
The property is located at 4700 S Halsted St Chicago, IL.
What are key features of this property?
This property features: Fee simple Walgreens investment property in Chicago, IL with NNN lease structure; Tenant: Bond Drug Company of Illinois, LLC; over 11 years remaining in initial term plus 4 (5‑year) extension options; Lease is corporate guaranteed by Walgreen Co. (S&P: BBB)
