840 N Main St, Glen Ellyn, IL 60137
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.