413 W Columbian Blvd N
Litchfield, IL 62056

Marcus & Millichap is pleased to exclusively present to qualified investors a Walgreens located just outside St. Louis, MO. The Subject Property consists of approximately of 2.43-acres of land located Litchfield, IL. Affixed to the Property is a free-standing 14,820-square foot retail building that is currently leased to Walgreens Co. (Tenant). Walgreens has been operating at this location since 2007 with over fourteen plus years remaining on its absolute-net lease until they can exercise their first right-to-terminate option. The Property also features a drive-thru window and abundant on-site parking. There are no rent increases throughout the term of the lease and Walgreens has ability to terminate every five years after June 1st, 2032. The Property is located on the southwest corner of West Union Avenue and Columbian Boulevard. The Property receives great visibility from its pylon sign, which experiences a traffic count of 18,000+ vehicles per day. The Property is easily accessible through its 4 points of ingress/egress. The Property is also just east of Interstate-55, which is a main highway that runs from St. Louis to Springfield. This location also benefits from being the only Walgreens in Litchfield, making this the only Walgreens within 35 miles and the nearest CVS/pharmacy 10 miles away. A new investor has the opportunity to acquire an investment grade credit tenant (BBB-) operating on an absolute-net lease basis with over fourteen years remaining on its original lease term. Given Walgreens’ long-term tenancy at this location, well-located asset within the immediate area, an investor can feel confident in acquiring a complete arm-chair investment for an above average return compared to a brand-new store.