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Walgreens 840 N Main St 17,754 sq ft Retail Property Glen Ellyn, IL 60137 £3,117,954 (£175.62/sq ft) 10% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • NOI $420,000 CAP RATE 10% Seven, 5-Year Walgreens Extensions
  • Four Hospitals within 15 Minutes. These hospitals play a critical role in a multitude of healthcare needs all demanding Prescriptions.
  • Rent Guaranteed by Walgreens a trusted, global innovator in retail pharmacy playing a critical role in the healthcare ecosystem & mini-mart needs.
  • Signalized Corner of St Charles Rd & Main St to the heart of downtown Glen Ellyn with over 20,000 vehicles daily. 5-mile population of over 302,000.
  • Glen Ellyn, IL is a prosperous Chicago suburb 24 miles due W of downtown Chicago & 10 miles SW of O'Hare Airport. Household median income of $118,208.
  • Critical Drive-Thru Lane. Drive-thru lanes proved to be critical for retailers through the pandemic & towards total sales volume.

EXECUTIVE SUMMARY

Great Store, Great Location, New Roof, Very Good Financials

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER sq ft
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income £311,795 £17.56

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per sq ft -
Other Income
Annual -
Annual Per sq ft -
Vacancy Loss
Annual -
Annual Per sq ft -
Effective Gross Income
Annual -
Annual Per sq ft -
Net Operating Income
Annual £311,795
Annual Per sq ft £17.56

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Pharmacy
Property Size
17,754 sq ft
Costar Property Class
B
Year Built
2004
Price
£3,117,954
Price per sq ft
£175.62
Yield
10%
NOI
£311,795
Tenancy
Single
Number of Floors
1
Plot ratio
0.26
Total Plot Size
1.54 ac
Use Class
Commercial - Commercial

AMENITIES

  • Signage
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • sq ft OCCUPIED
  • RENT/sq ft
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 14,543 sq ft
  • -
  • Double Net
  • Mar 2030

Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.

TENANT INDUSTRY sq ft OCCUPIED RENT/sq ft LEASE TYPE LEASE END
Retailer 14,543 sq ft - Double Net Mar 2030

NEARBY MAJOR RETAILERS

CrossFit
Starbucks
Huntington National Bank
BMO
Fifth Third Bank
Citizens Bank
Portillo's
Freddy's Frozen Custard & Steakburgers
Polish & Slavic Federal Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-02-312-013
Land Assessment
£198,749
Improvements Assessment
£269,090
Total Assessment
£467,839
  • Listing ID: 31403501

  • Date on Market: 03/04/2024

  • Last Updated:

  • Address: 840 N Main St, Glen Ellyn, IL 60137

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