399 Lake Marian RdCarpentersville, IL 60110

This exceptional investment opportunity presents a 13,776 square foot convenience store/grocery store/ storefront, currently occupied by Walgreens, a highly reputable national tenant. Located at 399 Lake Marian Rd, Carpentersville, IL 60110, this property boasts a prime location as an outparcel to a busy Walmart Supercenter, surrounded by other notable retailers such as Starbucks, O'Reilly Auto Parts, and more. The property sits on a 1.74-acre lot at a heavily trafficked intersection (33,574 cars/day), benefiting from high visibility and a dense consumer base with an average household income exceeding $114,553 within a 5-mile radius. The current lease, a Net Lease (NNN) agreement, features an extremely low rent of approximately $18 per square foot, with minimal landlord responsibilities. The lease commenced January 4, 1999, and has a remaining term of 5.6 years, with eight 5-year options. The property's Net Operating Income (NOI) is $250,506, resulting in a 7.25% cap rate. The roof was recently replaced in 2023 and includes a transferable warranty. Walgreens, a Fortune 500 company, has occupied the property for over 25 years, demonstrating a strong and stable tenancy. This property offers a compelling investment opportunity with significant upside potential due to its location, tenant strength, and favorable lease terms. The asking price is $3,455,255.