Chicago, IL - Walgreens

Description:

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a 14,490 SF single-tenant Walgreens located at 3019 W Peterson Avenue in Chicago, Illinois. The property is leased to Walgreen Co. on a corporate-signed Absolute NNN lease, with the tenant responsible for taxes, insurance, and maintenance. Walgreens has operated at this location since 2005, demonstrating a long-term commitment to the site. The lease runs through October 31, 2080, and the tenant holds a termination right every five years beginning October 31, 2030. The store operates 24 hours a day, a distinction held by only approximately 6% of Walgreens locations nationwide, and features a drive-thru pharmacy that supports convenience-driven traffic.

The property sits at the signalized hard corner of Peterson Avenue (US-14) and Lincoln Avenue (US-41), two primary North Side thoroughfares with approximately 59,500 combined vehicles per day. The site benefits from strong visibility and multiple points of access. The surrounding corridor features a dense concentration of national and regional tenants. Nearby Lincoln Village Shopping Center is anchored by Ross Dress for Less and TJ Maxx, includes Five Below and Panera, and Trader Joe’s. The nearby Home Depot ranks among the most trafficked Home Depot locations in Illinois. Additional national tenants in the immediate area include McDonald’s, Chipotle, IHOP, Dunkin’, Dollar Tree, Subway, and FedEx, which drive consistent consumer traffic to the intersection.

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Listing ID: a28TP000003g3z3YAA