Walgreens in Hickory
8800 W 95th St Hickory Hills, IL
For Sale
Contact for pricing
20+ year operating Walgreens with lease extension until 2035.
Property Size15,120 SF
Lot Size1.81 Acres
Price / SF$198.41
Days on Market341
Property Features for 8800 W 95th St
General Information
- Standard status
- Active
- Size
- 15,120 SF
- Lot size
- 1.81 Acres
- Property subtype
- RETAIL
Listing Agency:
Caton Commercial
(630) 209-8029
Listed By:
Randy Petri, IPS · License #IL 475174514
(630) 222-7690
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:21AM
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 Caton Commercial
Investment Insights
Based on property information with market context.
This property is a Walgreens operating location with a lease extension to November 30, 2035. Situated on the hard corner of West 95th Street and South 88th Avenue, it benefits from a strong retail corridor. The location is 15 miles from downtown Chicago. Landlord responsibilities are minimal. A new roof was installed in 2024 with a warranty through February 7, 2044. The parking lot is slated to be restriped and resurfaced in the spring of 2025. The property size is 15,120 square feet.
Key Highlights
- Walgreens 20+ year operating location with lease extension to 11/30/2035
- New roof in 2024 with warranty through 2/7/2044
- Strong retail corridor on hard corner of W. 95th St & S. 88th Ave
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $362.9k | $24.00 |
| − Vacancy | −$25.4k | −$1.68 |
| EGI | $337.5k | $22.32 |
| − OpEx | −$84.4k | −$5.58 |
| NOI | $253.1k | $16.74 |
15,120 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.62M
$3.16M – $4.22M
NOI $253,109 @ 7.0% cap · market cap 8.44%
Second Best
Retail
$3.00M
$2.62M – $3.50M
NOI $209,868 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$5.22M
$4.57M – $6.09M
NOI $365,417 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Similar Off Market Nearby
- COVID-19 Drive-Thru Testing at Walgreens — 8800 W 95th St, Hickory Hills, IL 60457
- Mary Haddadin — 8800 W 95th St, Hickory Hills, IL 604571616
- Donna Szponer — 8800 W 95th St, Hickory Hills, IL 604571616
- Melanie Butenas — 8800 W 95th St, Hickory Hills, IL 604571616
- Walgreens Pharmacy — 8800 W 95th St, Hickory Hills, IL 60457
FAQs
What type of property is this?
Drug store - 20+ year operating Walgreens with lease extension until 2035.
Where is this drug store located?
The property is located at 8800 W 95th St Hickory Hills, IL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Walgreens 20+ year operating location with lease extension to 11/30/2035; New roof in 2024 with warranty through 2/7/2044; Strong retail corridor on hard corner of W. 95th St & S. 88th Ave
