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Walgreens 8400 171st St 14,820 SF Retail Building Tinley Park, IL 60487 $5,062,500 ($341.60/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Successful operating history since 2007
- Over 7 years remain on the primary lease term
- Six-figure average household income within one-mile ($143,282)
- NNN lease – No landlord responsibilities
- 174,000+ people live within a five-mile radius
- Proximity to South LaGrange Road (43,100 VPD) & Interstate 80 (122,400 VPD)
EXECUTIVE SUMMARY
The 14,820-square-foot building is strategically located at the signalized intersection of West 171st Street and 84th Avenue, which experience a combined 23,400 vehicles per day. Its high visibility is further enhanced by Victor Andrew High School (2,100 students) and the Tinley Park – Park District, both of which draw continual traffic through the corridor. The property also benefits from proximity to South LaGrange Road (43,100 VPD) and Interstate 80 (122,400 VPD), making it easily accessible from major thoroughfares. Additionally, there are over 174,000 people living within a five-mile radius. The area is comprised of an affluent population that earns an average household income of $143,282 (within one mile).
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Triple Net
- Aug 2032
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 | - | - | Triple Net | Aug 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-26-103-012-0000 | Improvements Assessment | $215,850 |
| Land Assessment | $191,150 | Total Assessment | $407,000 |
PROPERTY TAXES
Presented by
Walgreens | 8400 171st St
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