Walgreens Homewood, IL

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Property

Overview

This 13,905 square foot Walgreen’s is positioned just off the signalized intersection of 183rd Street and Halsted Street which experiences a combined traffic count of 52,300 vehicles per day. The location can be accessed by both thoroughfares. Halsted Street is the primary north-south thoroughfare in the area with on and off access to Interstate 294. Interstate 294 experiences traffic counts in excess of 129,400 vehicles per day. There are over 65,560 people living within a three mile radius of the property with an average annual household income in excess of $79,000.

The Walgreens features a drive-thru and has excellent visibility and signage. Walgreens has successfully operated at this location since 1994 and has more than 12 years remaining on their primary lease term with five 5-year renewal option periods. Walgreens is committed to this location as evidenced by their recent lease extension and benefits from a low rent per square foot.

National retailers located in the area include Walmart, Target, Menards, Kohl’s, Best Buy, T.J. Maxx, Office Max and a number of quick service restaurants.

Walgreens is the largest drug retailing chain in the United States and has over 8,175 locations in the United States. Walgreens is publicly traded on the Nasdaq Stock Market (symbol: WBA) with a market capitalization in excess of $88 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

Key Facts

  • Property

  • • Over 65,600 people within a 3-mile radius
  • • Signalized intersection with over 52,300 VPD
  • • 13,905 square feet
  • • Drive-thru
  • • Long-term history at property (since 1994) with recent lease extension
  • • 12 years remaining on lease-term
  • • Low rent per square foot
  • Walgreen's

  • • Investment grade tenant (S&P BBB)
  • • Publicly traded on the Nasdaq (symbol: WBA)
  • • Market cap in excess of $88 Billion
  • • Growing retailer with pending deal to acquire 2,168 stores from Rite-Aid (RAD)

Address

821 183rd Street
Homewood, IL 60430

Location

Downloads

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Demographics

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Site Plan

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Retailer Map

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Demos

1 Mile 3 Mile 5 Mile
Population 10,163 65,612 208,952
Households 3,886 23,745 73,047
Average Household Income $34,236 $83,606 $72,178

Team

Brokerage Team

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Randy Blankstein

Investment Sales Broker
847.562.0003 randy@bouldergroup.com

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