The buyer of this net leased Walgreen’s was a California commercial real estate investor and the sale price was $9.275 million. This retail property, free standing building is approximately 14,490 square feet and was newly constructed in one of the wealthiest area near Chicago. The Barrington zip code 60010 is the seventh wealthiest zip code in the country as recent reports state.
The net lease property sits on one of the most heavily trafficked roads of the Chicago suburbs. A retail property, net leased to a credit tenant with a long term lease, in a great area and that makes for a very worthy net lease property investment.
Across the street from this net leased Walgreen’s is a newly constructed Chase Bank and other national retailers. There is a new retail development called the Shops at Flint Creek, located just south of this Walgreens. The Shops at Flint Creek is anchored by Staples and also has a Bank of America.