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The Boulder Group Arranges Sale of Single-Tenant Walgreens

CHICAGO- Walgreens in the metro area with short leases and strong sales remain attractive buys.

By Brian J. Rogal | Updated on March 31, 2013

CHICAGO- The Boulder Group, an investment brokerage firm located in suburban Chicago, announced last week that they had completed the sale of a net-leased Walgreens property at 9290 Wicker Ave. in St. John, Indiana, about 24 miles southeast of Chicago, for $3,530,864.

The 13,905-square-foot Walgreens was built in 1997 and abuts a heavily-trafficked thoroughfare and the hard corner of a signalized intersection. Boulder estimates that more than 31,000 vehicles per day drive through this section of Wicker Ave. A Target store, the primary regional retailer in the area, sits just south of the Walgreens. Other nearby retailers include Tractor Supply, Aldi, Strack & Van Til Food Market, Starbucks, Chase Bank and Fifth Third Bank.

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