Walgreens - Metropolis, IL_Property for Sale
Walgreens - Metropolis, IL_Property for Sale

Walgreens - Metropolis, IL

110 West 10th Street, Metropolis, IL, 62960, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Walgreens Pharmacy located at 110 W 10th St, Metropolis, IL 62960 (the “Property” or “Asset”). The Tenant operates under an abs. NNN lease with approximately 8.3 years of primary term remaining, as well as nine (9), five-year renewal options with zero landlord responsibilities.


Walgreens Boots Alliance, Inc. is a leading pharmacy-led health and wellbeing company headquartered in the United States. Walgreens operates an extensive network serving millions of customers through retail pharmacy locations, healthcare services, and international operations spanning multiple continents. With approximately $154.6 billion in TTM September 2025 revenue, over 315,000 employees, and more than 12,500 stores, Walgreens maintains a prominent position in the pharmacy retail and healthcare services sectors. The company continues to expand its healthcare offerings and omnichannel capabilities, positioning itself as one of the most accessible pharmacy chains and healthcare service providers in North America and Europe.


Walgreens sits on a large 1.6-acre site with an annual rent of $349,500 and is strategically positioned in Metropolis, IL, at the hard corner, signalized intersection of W 10th St (2,900 VPD) and Market St(8,300 VPD)which provides connectivity to US-45, which accommodates a combined 24,000+ vehicles per day. The Property is the only stand alone, national, name-brand pharmacy in the city.


The site is located within the heart of downtown Metropolis along the Ohio river and customer visits have increased 2.6% YoY from the previous 12 months (per placer.ai). The next closest Walgreens is located south of the river over 12 miles away, resulting in an expanded trade area. This location benefits from the immediate vicinity of homeowners which includes over 2,200 households within a one-mile radius and an average income exceeding $80,000 within a five-mile radius, reflecting the submarket’s ongoing appeal.


This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.


Broker of Record

Jaime Fink

IL License No.471010204

...

Attributes

Asking price
THB 135,030,000
Cap rate
8.15%
WALT
8.3 years
Building area net
1,268 m²
Year built
2009

Media

Investment Highlights

  1. National tenancy with over 12,500 stores nationwide
  2. Absolute NNN lease structure with zero landlord responsibilities
  3. 8.3 years of primary lease term remaining
  4. The only stand-alone, national, name-brand pharmacy in the city
  5. 15+ years of operational history at the site
  6. Prime visibility to 10,000+ vehicles per day
Walgreens - Metropolis, IL 4_Property for Sale
Walgreens - Metropolis, IL 4_Property for Sale

Contact brokers

Walgreens - Metropolis, IL (0 Properties)

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Last updated
3 Feb 2026