9950 Il-47Huntley, IL 60142

For Sale
$4,333,333

High-yield, NNN-leased Walgreens.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fee-simple, 14,820-square-foot Walgreens located at a signalized corner in Huntley, Illinois, a high-income Chicago suburb. The property boasts a 25-year absolute NNN lease with Walgreens, a Fortune 500 company, providing a strong corporate guarantee and a remaining lease term of approximately 9.4 years, plus 10 five-year options. The property features a drive-thru lane, a key advantage in today's market. Situated on a 0.81-acre lot, the building was constructed in 2009 and enjoys 100% occupancy, generating a substantial net operating income (NOI) of $390,000 and a 9.00% cap rate. The property benefits from its strategic location near a Jewel-Osco grocery store and Northwestern Medicine Huntley Hospital, attracting high traffic volume exceeding 20,000 vehicles daily. Huntley's strong demographics, including a 5-mile population of over 86,000 residents with an average household income of $122,000, and significant population growth over the past decade, further enhance the investment's appeal. The asking price is $4,333,333. This is a rare opportunity to acquire a high-performing, investment-grade retail property in a thriving market.

Highlights

  • High-traffic corner location at Reed Road and US Route 47, outparceled to a new Jewel-Osco, exceeding 20,000 vehicles daily.
  • Proximity to Northwestern Medicine Huntley Hospital, providing comprehensive healthcare services.
  • Strong demographics: 5-mile radius boasts over 86,000 residents with $122,000 average household income, located within the Chicago MSA.
  • High-growth suburb of Huntley, IL, experiencing over 16% population growth since 2010, fueled by new residential developments.
  • Essential drive-thru access, a key feature for high-volume retail.
  • Investment-grade tenant: Walgreens, a Fortune 500 company with a BBB S&P credit rating and ~$31 billion market cap.

Property Details for 9950 Il-47

Property type
Other retail properties, Restaurants
Square Feet
14,820 SF
Year Built
2009
Buildings
1
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Huntley
County
McHenry
State
Illinois
Latitude
42.1837161
Longitude
-88.4212312
9950 Il-47, Huntley, Illinois

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9950 Il-47
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