28895 Il-120 Lakemoor, IL 60051
- Retail properties
- 1.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 28895 Il-120
- Year built
- 2013
- Lot size
- 1.60 lot acres
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This fee-simple Walgreens, located at 28895 IL-120, Lakemoor, IL 60051, presents a compelling investment opportunity. The 14,820 square foot property, built in 2013 on a 1.6-acre lot, boasts a 25-year absolute NNN lease with 14.4 years remaining, expiring October 31, 2038. The lease commenced October 21, 2013, and features a credit-rated, corporate-guaranteed tenant. The property enjoys a 7.75% cap rate and a strong NOI of $382,875. Situated in a prime location within the Chicago MSA, this Walgreens benefits from high visibility on a corner lot (W. IL Route 120 & N. Darrell Rd), experiencing over 29,000 vehicles per day. It's the only drugstore within a 3-mile radius, serving an affluent community with an average household income exceeding $105,000 within a 5-mile radius. The property's proximity to major assisted living facilities and Northwestern Medicine McHenry Hospital further enhances its appeal. The location also benefits from its proximity to a major new development anchored by a large grocery store and other popular retailers. The building itself is of high-quality brick construction, unlike many other Walgreens locations. The asking price is $4,940,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakemoor
- County
- Lake
- State
- Illinois
- Longitude
- -88.1961
- Latitude
- 42.327
