NN Leased Walgreens Investment
For Sale
Contact for pricing
835 W Galena Ave, Freeport, IL 61032
NN leased Walgreens in Freeport, IL with corporate guarantee.
Property Size12,032 SF
Price / SF$135.97
Days on Market1645
Property Features for 835 W Galena Ave
General Information
Standard status
Active
Size
12,032 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$114,545
Building Details
Year Built
1991
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Chicago
(312) 279-5345
Listed By:
Sean Lutz · License #IL 475132482
Source:
Crexi
Added: Feb 17, 2022
Changed: Aug 10
Last Checked: Aug 19 at 7:39PM
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 Chicago
Investment Insights
Based on property information with market context.
This NN leased Walgreens investment property is located in Freeport, IL. The tenant, Bond Drug Company of Illinois, LLC, has over 3 years remaining on their initial term with 5 (5-year) option periods left to extend. The tenant has operated at this location for more than 20 years and extended their lease by an additional 10 years. The lease is guaranteed by the corporate entity and is NN with limited landlord responsibilities. Walgreens operates more than 9,200 stores across all 50 states. Walgreens is strategically located at the signalized, hard corner intersection of W. Galena Avenue and State Highway 26, averaging a combined 32,300 vehicles passing by daily. The asset is a quick 34-minute drive into Downtown Rockford. The property is situated within a dense retail corridor and is within walking distance to Lincoln Mall, a 185,000 SF Community Center anchored by Bargain Maxx and Dollar General. Walgreens is one-mile north FHN Memorial Hospital (100 beds). The asset is within close proximity to several single-family communities and multi-family complexes including Brewster Apartments (59 unit), Lincoln Towers (100 units), Hosmer High Rise (120 units). The 5-mile trade area is supported by over 28,300 residents and 17,500 daytime employees, with an average annual household income of $57,607. The property size is 12,032 square feet.
Key Highlights
- NN Lease with Corporate Guarantee (S&P: BBB) from Walgreens, a Fortune 500 company, offering a stable, low‑risk investment.
- Tenant has operated at this location for over 20 years and recently extended their lease, demonstrating a strong commitment to the site.
- Located at a high‑traffic, signalized corner (32,300 vehicles per day) in a dense retail corridor, ensuring high visibility and accessibility.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Circle K
Shops & Services
12,031 visits/mo
0.1 miles
Little Caesars Pizza
Dining
2,655 visits/mo
0.3 miles
SUBWAY
Dining
2,407 visits/mo
0.3 miles
Demographics for 61032, IL
29,110
Population
14,685
Households
2
Avg Household Size
46
Median Age
20%
College-Educated
91%
High-School Grad
148.7 sq mi
ZIP Area
196
Density / Sq Mi
$54,179
Median Household Income
$34,893
Median Earnings
$769
Median Rent
$106,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Walgreens Pharmacy — 835 W Galena Ave, Freeport, IL 61032
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- Brian Reusch — 835 W Galena Ave, Freeport, IL 610323973
- Nicole Gerber — 835 W Galena Ave, Freeport, IL 610323973
- Skin Beauty by Stacie Green — 6 E Stephenson St, Freeport, IL 61032
Frequently Asked Questions
What type of property is this?
Drug store - NN leased Walgreens in Freeport, IL with corporate guarantee.
Where is this drug store located?
The property is located at 835 W Galena Ave Freeport, IL.
What is the asking price?
The asking price for this property is $1,636,000.
What are key features of this property?
This property features: NN Lease with Corporate Guarantee (S&P: BBB) from Walgreens, a Fortune 500 company, offering a stable, low‑risk investment.; Tenant has operated at this location for over 20 years and recently extended their lease, demonstrating a strong commitment to the site.; Located at a high‑traffic, signalized corner (32,300 vehicles per day) in a dense retail corridor, ensuring high visibility and accessibility.**
