3 Walgreens Drugstores
Chicago Heights, IL
Hickory Hills, IL
Darien, IL
Walgreens (S&P A+) is an investment grade tenant that offers a secure income stream for the 20 year primary lease term.
Chicago Heights, IL
Located approximately 30 miles south of Chicago, Chicago Heights is long-standing and established Chicago suburb with a dense population of over 32,000 residents. Located within 1-mile of this Walgreens is St. James Hospital and Health Centers, a 360 bed healthcare facility with over 1,300 employees that was founded in 1911. St. James admits over 13,000 patients per year and recently acquired a separate but smaller medical campus in Olympia Fields, IL. Also within 1-mile of the Drugstore is the 123-acre Prairie State College campus, home to nearly 5,000 full and part-time students. Prairie State College recently partnered with St. James to construct a 64,000 sf. medical and fitness complex on the college campus. Across the street from the Walgreens is Olympia Plaza, a 124,000 square-foot grocery anchored center. The Chicago Heights Country Club, home to a popular 18-hole golf course, is situated within 1-mile of the Walgreens. The average household income within a 1-mile radius of the store is $70,471 and the population is 12,026. Within a 3-mile radius of the store, the average household income is $76,164 and the population is 81,120.
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Hickory Hills, IL
Located approximately 20 miles southwest of Chicago, Hickory Hills is an upper-middle class neighborhood with a dense population of over 14,000 residents. Incorporated in 1951, Hickory Hills has expanded rapidly around its many parks and golf courses that continue to attract new families to the growing suburb. Located within one-half mile of this Walgreens is the Hickory Hills Country Club, replete with two golf courses and banquet facilities that accommodate over 2,000 people. Diagonally across the street from the store is an approximately 100,000 sf. grocery-anchored shopping center that contains several other local tenants and established businesses. Also located within one-half mile of the Walgreens is the Hickory Hills public elementary school that accounts for over 500 students. Within a 1-mile radius of the store, the average household income is $74,232 and the population is 13,559. Within a 3-mile radius of the store, the average household income is $60,228 and the population is 81,572.
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Darien, IL
Founded in 1969, Darien is one of the fastest growing and most affluent suburbs of Chicago. Located approximately 20 miles southwest of Chicago, Darien is a dense residential neighborhood with high household incomes, a growing business community, and a strong retail presence. The largest employer in the area, Argonne National Laboratory, is located approximately two miles from the store and employs over 3,200 people. Also located within 2 miles of the store are all three of Darien’s high schools, which account for nearly 8,000 students. Within a 1-mile radius of the store, the average household income is $118,860 and the population is 8,687. Within a 3-mile radius of the store, the average household income is $84,890 and the population is 96,005, which represents an 11% increase in density over the past 10 years.
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