Listing Agency: RE/MAX PROPERTY SOURCE Show Phone

Listed By: Tom Humpal · License #471009721 Show Phone

Source: Moodyscre

Added: Aug 21 Changed: Oct 12 Last Checked: Oct 12 at 10:31PM

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Investment Insights

Based on property information with market context.

This 14,185-square-foot commercial property is an operating pharmacy in Poplar Grove, Illinois. The offering includes both the land and the building, while inventory is separate from the transaction. The property is located at 13521 IL Route 76, providing a clearly identified location along a state route. Operating financial information is available upon request subject to a signed NDA. The asset is presented as a pharmacy property, with additional uses referenced in the property information but not further defined.

Key Highlights

• Operating pharmacy property
• 14,185 square feet
• Land and building included in the sale

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$198,136

Cap Rate

6.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,962,720 $4.0M

Cap Rate 7%

$2,830,514 $2.8M

Cap Rate 9%

$2,201,511 $2.2M

Market Conditions

NOI Build-Up for 14,185 SF

Gross rent

$272.4K $19.20/SF

− Vacancy

−$8.2K −$0.58/SF

EGI

$264.2K $18.62/SF

− OpEx

−$66.0K −$4.66/SF

NOI

$198.1K $13.97/SF

Area

Boone County, IL

Vacancy

3.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,962,720

Cap Rate 7%

$2,830,514

Cap Rate 9%

$2,201,511

Alternative Uses

Best Use

Specialty Retail

$2.83M

$2.48M – $3.30M (±1% cap)

NOI $198,136 @ 7.0% cap · market cap 6.83%

Second Best

Retail

$2.46M

$2.16M – $2.87M (±1% cap)

NOI $172,475 @ 7.0% cap · market cap 5.95%

Theoretical Best

Office A

$3.77M

$3.30M – $4.40M (±1% cap)

NOI $264,113 @ 7.0% cap · market cap 9.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Drug stores

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Building Supply Grocery & Convenience Store Storage Facility

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

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 61065, IL

11,206

Population

3,846

Households

2.9

Avg Household Size

38

Median Age

23%

College-Educated

92%

High-School Grad

50.9 sq mi

ZIP Area

220

Density / Sq Mi

$104,216

Median Household Income

$50,958

Median Earnings

$1,469

Median Rent

$208,400

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

Questions? Ask Rey

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What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Drug store - Pharmacy facility with the land and building included in the sale; inventory is handled separately.

Where is this drug store located?

The property is located at 13521 Il Route 76 Poplar Grove, IL.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Operating pharmacy property; 14,185 square feet; Land and building included in the sale