4700 S Halsted St Chicago, IL 60609

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Patrick R. Luther, CCIM · License #CA License No. 01912215

Source Crexi

Added: Apr 12 Updated: Jul 22 at 4:45AM Checked: Jul 22 at 4:45AM

Report an Issue

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.

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

Location Intelligence

Similar For Sale Nearby

• 

  $649,000

  2,176 SF

  Turnkey Restaurant Opportunity in Chicago

  Below-market lease in East Lakeview, fully equipped restaurant with assets.

  420 W Belmont Avenue, Chicago, IL 60657

  View Details
• 

  $650,000

  7,000 SF

  Two-Story Warehouse with Offices

  Two-story industrial building with two drive-in doors and dedicated first-floor warehouse plus second-floor office space.

  5923 S Wentworth Ave, Chicago, IL 60621

  View Details
• 

  $949,000

  4,055 SF

  Corner Development Site in Chicago

  High-visibility corner lot with development potential in Belmont Heights/Dunning.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $1,700,000

  13,500 SF

  Brick Convenience Store with Parking

  Turnkey convenience store and retail building with brick construction, operational work areas, and approximately 60 outdoor parking spaces.

  5114 S Racine Ave, Chicago, IL 60609

  View Details
• 

  $775,000

  9,734 SF

  Two-Unit Retail Building

  Two retail spaces in a 1964 building with 13 parking spaces and high-visibility B3-1 frontage.

  1301-1309 E 87th Street, Chicago, IL 60619

  View Details
• 

  $1,950,000

  10,175 SF

  Two-Story? No. Two Masonry Storefront Buildings

  Two one-story masonry storefront buildings with wide bays and rear alley access on a lot with about 75 feet of frontage.

  1122 W Bryn Mawr Ave, Chicago, IL 60660

  View Details
• 

  $759,000

  5,000 SF

  Prime Retail Space in Chicago

  Commercial property in a high-traffic retail district.

  4411 N Kedzie Avenue, Chicago, IL 60625

  View Details
• 

  $1,300,000

  12,000 SF

  Retail/Office Building with Value-Add

  A 12,000 SF retail/office property positioned for rent upside along a top-performing Chicago commercial corridor.

  3934 W 26th Street, Chicago, IL 60623

  View Details
• 

  $2,250,000

  5,477 SF

  Retail Space Near Wrigley Field

  For-sale retail space positioned for game-day foot traffic and strong public transit access in Wrigleyville.

  3477 North Clark Street, Chicago, IL 60657

  View Details
• 

  $775,000

  9,734 SF

  Multi-Suite Retail Building

  Two retail/commercial spaces offer 6 front and 7 rear parking, 4 bathrooms, and a basement for additional storage.

  1301 E 87th St, Chicago, IL 60619

  View Details
• 

  $1,295,000

  9,744 SF

  Chicago Office Building with Parking

  Two-story office building in Chicago's Clearing neighborhood.

  6350 W 63rd Street, Chicago, IL 60638

  View Details
• 

  $850,000

  7,000 SF

  Mixed-Use Flex Building

  Brick flex property with office space and two rear warehouse bays accessed by overhead garage doors.

  2722 South Hillock Avenue, Chicago, IL 60608

  View Details

FAQs

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)