9950 Il-47 Huntley, IL 60142
- Retail properties
- 14,820 SF
- 0.81 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9950 Il-47
- Year built
- 2009
- Lot size
- 0.81 lot acres
- Property size
- 14,820 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple, 14,820-square-foot Walgreens located at a signalized corner in Huntley, Illinois, a high-income Chicago suburb. The property boasts a 25-year absolute NNN lease with Walgreens, a Fortune 500 company, providing a strong corporate guarantee and a remaining lease term of approximately 9.4 years, plus 10 five-year options. The property features a drive-thru lane, a key advantage in today's market. Situated on a 0.81-acre lot, the building was constructed in 2009 and enjoys 100% occupancy, generating a substantial net operating income (NOI) of $390,000 and a 9.00% cap rate. The property benefits from its strategic location near a Jewel-Osco grocery store and Northwestern Medicine Huntley Hospital, attracting high traffic volume exceeding 20,000 vehicles daily. Huntley's strong demographics, including a 5-mile population of over 86,000 residents with an average household income of $122,000, and significant population growth over the past decade, further enhance the investment's appeal. The asking price is $4,333,333. This is a rare opportunity to acquire a high-performing, investment-grade retail property in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntley
- County
- McHenry
- State
- Illinois
- Longitude
- -88.4212
- Latitude
- 42.1837
