Walgreens with Rental Increases

Highlights:

• Recently Executed 15-Year NNN Lease with 5% Increases Every 5 Years | Newly signed in 2023, the lease has just under 13 years remaining, features no landlord responsibilities, and includes 5% rent escalations every five years through the primary term and twelve 5-year renewal options—offering long-term income stability and built-in growth.
• Absolute NNN Lease – No Landlord Responsibilities | The lease is structured as an absolute triple-net (NNN), requiring the tenant to cover all expenses including taxes, insurance, and maintenance—delivering passive, predictable income with no landlord obligations.
• Essential Retail Tenant in a Defensive Asset Class | Pharmacy retail remains a resilient category with consistent in-store demand driven by prescriptions, convenience goods, and health services—positioning this asset as a durable performer through economic cycles.
• Lease Guaranteed by Walgreens Corporate Entity | Walgreens is one of the nation's largest drugstore chains, operating more than 8,600 locations across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The company reported $147.7 billion in sales for fiscal year 2024.
• Established Operating History Since 1995 | Walgreens has operated at this location for nearly 30 years, signaling long-term operational success and tenant commitment to the site.
• Fee Simple Ownership with Depreciation Benefits | Investors benefit from fee simple ownership, providing full control over the asset and potential depreciation and tax advantages.

Description:

NNN Pro is pleased to present the exclusive listing for a Walgreens located at 7200 Roosevelt Road, Forest Park, IL 60130. The site consists of roughly 12,209 rentable square feet of building space on an estimated 0.89-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/23/2023. The current annual rent is $326,772 and has scheduled increases of 5.00% every 5 years.

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