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Walgreens 835 W Galena Ave
12,032 SF Retail Building Freeport, IL 61032 $1,636,000 ($135.97/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- Over 3 Years Remaining | Strong Commitment to Site | Corporate Guaranteed | Investment Grade (S&P: BBB)
- Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
- Dense Retail Corridor | Lincoln Mall (185,000 SF) | FHN Memorial Hospital | Ideal, Centralized Location
EXECUTIVE SUMMARY
Walgreens is strategically located at the signalized, hard corner intersection of W. Galena Avenue and State Highway 26, averaging a combined 32,300 vehicles passing by daily. The asset is a quick 34-minute drive into Downtown Rockford, making this an ideal, centralized location with easy commutes for both employees and customers. The property is ideally situated within a dense retail corridor, and is within walking distance to Lincoln Mall, a 185,000 SF Community Center anchored by Bargain Maxx and Dollar General. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Additionally, Walgreens is one-mile north FHN Memorial Hospital (100 beds), an award-winning regional healthcare facility dedicated to providing world-class care. Furthermore, the asset is within close proximity to several single-family communities and multi-family complexes including Brewster Apartments (59 unit), Lincoln Towers (100 units), Hosmer High Rise (120 units), and more, providing a direct residential consumer base from which the site can draw. The 5-mile trade area is supported by over 28,300 residents and 17,500 daytime employees, with an average annual household income of $57,607.
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS




PROPERTY TAXES
Parcel Number | 18-13-36-228-049 | Improvements Assessment | $225,589 |
Land Assessment | $74,411 | Total Assessment | $300,000 |
PROPERTY TAXES
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Walgreens | 835 W Galena Ave
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