840 Main St Glen Ellyn, IL 60137
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High-traffic Walgreens, strong NOI, excellent location.
Property size:
14,543 SFProperty Features for 840 Main St
General Information
- Property type
- Individual retail properties
- Square Feet
- 14,543 SF
- Lot Size
- 67,474 SF
Building Details
- Year Built
- 2004
Listing Agency: RE/MAX Plaza Listing Agent: Sean Dimiceli
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 14,543 square foot Walgreens located at 840 N Main St, Glen Ellyn, IL 60137, a thriving Chicago suburb. Boasting a 7.43% cap rate and a strong NOI of $420,000, this property offers significant return potential. The single-tenant, net-leased property features a Walgreens corporate guarantee, ensuring consistent rental income through March 31, 2030, with seven, five-year extension options. Situated on a 1.549-acre lot at a signalized corner of St. Charles Road and Main Street, this location benefits from high visibility and over 20,000 vehicles daily. The affluent area boasts a 5-mile population exceeding 302,000, with a median household income of $118,208. Proximity to four hospitals within a 15-minute radius further enhances the property's value by supporting prescription demand. The convenient drive-thru lane adds to the property's appeal and operational efficiency. Built in 2004, this Walgreens offers a combination of strong financial performance, a secure lease, and a prime location in a high-growth market, making it an ideal investment for discerning buyers.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Drug stores
Location Insight
- Map
- Local Demand
- City
- Glen Ellyn
- County
- DuPage
- State
- Illinois
- Longitude
- -88.064047357342
- Latitude
- 41.890294978056
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FAQs
What type of property is this?
Individual retail property - High-traffic Walgreens, strong NOI, excellent location.
Where is this individual retail property located?
The property is located at 840 Main St Glen Ellyn, IL.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: $5,650,000 asking price, 7.43% cap rate, $420,000 NOI.; High-traffic corner lot in Glen Ellyn, IL (St. Charles Rd & Main St), over 20,000 vehicles daily, 5-mile population over 302,000.; Four hospitals within 15 minutes, driving prescription demand.