Absolute NNN Walgreens Retail
For Sale
Contact for pricing
Pending
9000 N Greenwood Ave, Niles, IL 60714
Freestanding drugstore leased under an absolute NNN structure with long-term extension options and scheduled increases.
Property Size13,513 SF
Days on Market143
Property Features for 9000 N Greenwood Ave
General Information
Standard status
Pending
Size
13,513 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Tony's Fresh Market, Jewel-Osco, The Home Depot
Traffic Count
36,000 vehicles/day
Building Details
Buildings
1
Listing Agency:
The Kase Group
(510) 388-4438
Listed By:
Jeff Bracco · License #CA 01336201
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 10:28AM
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 The Kase Group
Investment Insights
Based on property information with market context.
The 13,513-square-foot retail building is occupied by Walgreens under an absolute NNN lease. The current term began in June 2023 and runs for 15 years, with twelve additional five-year options. Contractual rent increases of 5% occur every five years.
The property sits at the intersection of Ballard Road and Greenwood Road, where traffic exceeds 36,000 vehicles per day. Nearby retail includes Tony's Fresh Market, Jewel-Osco, and The Home Depot. Gold Milwaukee Plaza, with more than 1.8 million square feet of retail, is a five-minute drive away. Interstate 29 and Advocate Lutheran General Hospital are also nearby, with the hospital less than one mile from the site.
The property sits at the intersection of Ballard Road and Greenwood Road, where traffic exceeds 36,000 vehicles per day. Nearby retail includes Tony's Fresh Market, Jewel-Osco, and The Home Depot. Gold Milwaukee Plaza, with more than 1.8 million square feet of retail, is a five-minute drive away. Interstate 29 and Advocate Lutheran General Hospital are also nearby, with the hospital less than one mile from the site.
Key Highlights
- 13,513‑square‑foot building leased to Walgreens
- Absolute NNN lease with a 15‑year term beginning June 2023
- Twelve 5‑year option periods with 5% increases every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
36,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,931
Businesses Nearby
266k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Shops & Services 31%
Home Improvements & Furnishings 20%
Dining 8%
Tony's Fresh Market
Groceries
59,342 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
52,246 visits/mo
0.3 miles
Jewel-Osco
Groceries
43,661 visits/mo
0.3 miles
Chase Bank
Shops & Services
24,237 visits/mo
0.5 miles
Panera Bread
Dining
16,985 visits/mo
0.5 miles
Demographics for 60714, IL
31,006
Population
11,867
Households
2.6
Avg Household Size
49
Median Age
39%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
4,922
Density / Sq Mi
$78,868
Median Household Income
$46,553
Median Earnings
$1,247
Median Rent
$351,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding drugstore leased under an absolute NNN structure with long-term extension options and scheduled increases.
Where is this nnn property located?
The property is located at 9000 N Greenwood Ave Niles, IL.
What are key features of this property?
This property features: 13,513‑square‑foot building leased to Walgreens; Absolute NNN lease with a 15‑year term beginning June 2023; Twelve 5‑year option periods with 5% increases every 5 years
