399 Lk Marian Rd, Carpentersville, IL 60110-2096

This exceptional net-lease investment opportunity presents a 13,776 square foot Walgreens conveniently located in Carpentersville, Illinois, at 399 Lake Marian Rd, 60110. Situated on a 1.74-acre lot, this property benefits from its strategic outparcel position within a busy Walmart-anchored shopping center, alongside notable tenants such as Starbucks, O'Reilly Auto Parts, and more. The property enjoys high visibility at a signalized corner lot with significant daily traffic (33,574 cars/day) at the intersection of S Kennedy Dr and Lake Marian Rd. The affluent area boasts a population exceeding 112,828 within a 5-mile radius, with an average household income of $114,553. The Walgreens lease, with a remaining term of 5.8 years, includes eight 5-year options, extending the lease to 2030. The current asking price is $3,455,255, representing a 7.25% cap rate and a net operating income (NOI) of $250,506. The low rent of approximately $18 per square foot and minimal landlord responsibilities make this an attractive passive investment. Built in 1999, the property features a recently replaced roof (2023) with a transferable warranty. Walgreens, a Fortune 500 company with a long history of success and over 9,000 locations, has occupied this property for over 25 years, demonstrating a strong commitment to the location. The property's strong sales history (over $2.3M annually) further underscores its value and potential. This is a rare opportunity to acquire a stable, high-performing retail investment in a prime location.