Walgreens - Morton Grove, IL

JLL is pleased to exclusively offer for sale the fee-simple interest in the Walgreens (the “Property“ or the “Asset”) located Morton Grove, IL (Chicago MSA). The Asset is comprised of 14,440 SF and is 100% occupied by Walgreens (the “Tenant”) who operates on a NN lease structure with 2.5 years of primary term remaining and six, 5-year renewal options. Walgreens’ rent is well-aligned with market rents and the Property's design offers flexibility for alternative uses should Walgreens choose not to renew when their lease term concludes.

The Property is situated within a dense corridor along Dempster St. with clear exposure to (33,000 VPD). Downtown Chicago can be easily reached in 15 minutes via the adjacent I-94 (155,000 VPD) and multiple commuter rail systems within two miles of the Asset. O’Hare International Airport, the busiest airport in the nation, is six miles from the Property and serves as an anchor for the local economy through hotels, office properties, and one of the top industrial corridors in the nation. Village Crossing, a lifestyle center 1-mile from the Asset off Dempster, attracts 7 million shoppers annually and is the busiest lifestyle center in Illinois.

The surrounding area boasts a highly-affluent community with average annual household incomes exceeding $150,000 within a 3-mile radius.

This offering presents an opportunity to acquire a high-yielding investment Asset occupied by a name-brand retailer with exceptional exposure, minimal landlord responsibilities and highly defendable rents in a premier Chicago sub-market.