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Three-Property NNN Walgreens Portfolio
For Sale
Contact for pricing
Pending

134 W Morton Avenue, Jacksonville, IL 62650

Single-tenant retail assets with approved long-term lease extensions and tenant-managed repairs and maintenance.

Property SizeContact for details
Days on Market143

Property Features for 134 W Morton Avenue

General Information

Standard status Pending
Property subtype Retail

Building Details

Buildings 3
Tenancy Single
Listing Agency: Landes Group
Listed By: Ali Chambers · License #656845
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 2:14PM

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 Landes Group

Investment Insights

Based on property information with market context.

This NNN portfolio includes three freestanding Walgreens retail properties in Jacksonville, Illinois; Galesburg, Illinois; and Suwanne, Georgia. Each asset is occupied by a single tenant under a net lease structure, with more than 3 years remaining in the current term.

The leases include 10-year and 5-year extension options, and long-term extensions have received approval. Walgreens is responsible for repairs and maintenance at the properties, limiting the landlord’s ongoing property-level obligations. The Jacksonville asset is located at 134 W Morton Ave, Jacksonville, IL 62650.

Key Highlights

  • Portfolio of 3 single‑tenant Walgreens retail properties
  • Properties located in Jacksonville, IL; Galesburg, IL; and Suwanne, GA
  • More than 3 years remaining in the current lease term

Property Analytics

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store LibertyX Bitcoin ATM Atm Redbox Cinema Walgreens Pharmacy Western Union Bank

Suggested Use

Top Pick Real Estate Agency Dental Office Accounting Firm Locksmith Computer & Electronic Repair Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

355
Businesses Nearby

Demographics for 62650, IL

24,891
Population
11,213
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
197.8 sq mi
ZIP Area
126
Density / Sq Mi
$64,137
Median Household Income
$40,101
Median Earnings
$705
Median Rent
$142,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Single-tenant retail assets with approved long-term lease extensions and tenant-managed repairs and maintenance.
Where is this nnn property located?
The property is located at 134 W Morton Avenue Jacksonville, IL.
What are key features of this property?
This property features: Portfolio of 3 single‑tenant Walgreens retail properties; Properties located in Jacksonville, IL; Galesburg, IL; and Suwanne, GA; More than 3 years remaining in the current lease term
More about this property
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