Walgreens - Oswego, IL

Jones Lang LaSalleAmericas, Inc.(“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Walgreens located at 3401 Orchard Road in Oswego, IL (the “Property” or “Asset”). Walgreens has been operating at the Property for over two decades on an Absolute NNN Lease with 4.5 years of primary term remaining and ten, five-year renewal options.

The Property is in Oswego, IL, 12 miles from Naperville, IL and 40 miles from downtown Chicago, IL. Situated along Orchard Road, the Property has visibility and access to over 16,000+ vehicles per day. The Property is positioned in a highly affluent region that boasts an average household income north of $144,000 and has seen 18% population growth since 2010 in a one-mile radius.

Located on the west end of Oswego, Orchard Road is the up-and-coming commercial corridor anchored by Jewel Osco and the Whitetail Ridge Golf Dome, which is adjacent to the Property. Residential development has ignited commercial development along the dynamic corridor, with several notable new businesses having opened in the last few years, including Scooter’s Coffee, Gas N Wash, Starbucks, Valvoline, and Beef Shack. The Property is also located nearby U.S. Route 34, a major arterial in the Chicago metro that provides premier access as well as visibility to an outstanding 13,900+ VPD. The Route 34 corridor offers more than 2.2 million square feet of commercial space. Notably, about 80.5 acres of undeveloped farmland will be transformed into 320 homes in Oswego.

This unique offering presents the opportunity to acquire an infill retail Asset with zero landlord obligations from a widely recognized pharmaceutical operator with high value intrinsic real estate.