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Walgreens - (California Ave) Chicago, IL 2744 N California Ave 12,515 SF Retail Building Chicago, IL 60647 $7,400,000 ($591.29/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- PASSIVE SLEEP-AT-NIGHT OPPORTUNITY - The NNN lease structure requires zero landlord obligations, tenant pays for all taxes, insurance, and maintenance
- FANTASTIC LOCATION - Located in the heart of Chicago, this site has been a staple in the community since 2009
- OUTSTANDING DEMOGRAPHICS - Surrounded by dense urban infill, with more than 1,000,000 residents living within a 5-mile radius from the site
- STABLE INVESTMENT GRADE TENANT - Walgreens Boots Alliance is publicly traded (NASDAQ: WBA), is ranked #18 in the Fortune 500, and is rated BBB- by S&P
- STRATEGICALLY LOCATED RETAIL CORNER - Excellent visibility on a signalized intersection, including a drive-thru pharmacy and electric vehicle charging
- Illinois Broker of Record: Steven Weinstock - P: (630) 570-2200 - Steven.Weinstock@MarcusMillichap.com - Lic #: 471.011175
EXECUTIVE SUMMARY
WALGREENS
Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries.
CHICAGO, IL
Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.5 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region and was exemplified between 2020-2021. Since then, movement back into downtown Chicago is gaining headway as employers increasingly push for hybrid work schedules, while progressing tourism levels support activity in the urban core.
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
PROPERTY FACTS
AMENITIES
- Drive Thru
- Car Charging Station
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $23,313 | |
| Land Assessment | $442,189 | Total Assessment | $465,502 |
PROPERTY TAXES
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Walgreens - (California Ave) Chicago, IL | 2744 N California Ave
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