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1301 E Algonquin Rd, Algonquin, IL, 60102

Walgreens
$2,877,778

Key Information

Cap Rate
9%
$ per SF
$225
Tot. SF
13,905
Term Remaining
±4.2 YRS
Type
Retail

Highlights

Chicago, IL MSA

  • This Walgreens is strategically positioned in Algonquin, IL, an affluent suburb within the Chicago MSA, located just ±20 miles from Walgreens’ corporate headquarters in Deerfield, IL. As the third-largest city in the U.S., Chicago has a metro population exceeding 9.61 million and serves as a national hub for finance, commerce, transportation, and culture. Algonquin is known for attracting young professionals and families seeking a high quality of life, contributing to a strong and stable customer base for this location.

New Roof With Long-Term Warranty

  • The roof was replaced in October 2021 and is backed by a full 20-year warranty, significantly reducing both near- and long-term maintenance risk for future ownership.

Multiple Option Renewals

  • Walgreens has demonstrated long-term commitment to this location by exercising two renewal options without any concessions, reinforcing the site’s stability and continued occupancy.

New Exterior Lighting

  • In June 2024, all ten parking lot light poles and fixtures were replaced—improving curb appeal, enhancing nighttime visibility, and reducing future maintenance expenses. The new fixtures are backed by a 5-year warranty, providing additional operational peace of mind.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 478027547 (IL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203