Walgreens

Palos Heights is a residential suburb located in Cook County, Illinois, approximately 20 miles southwest of downtown Chicago. Known for its tree-lined streets, excellent schools, and strong sense of community, Palos Heights offers a blend of suburban comfort and convenient access to big-city amenities. The area is popular among families and retirees alike, thanks to its safe neighborhoods, local parks, and scenic surroundings, including nearby forest preserves and nature trails. The city has a population of just under 13,000 residents and maintains a small-town charm with local events, farmer’s markets, and a close-knit civic atmosphere. Palos Heights Public Library, Lake Katherine Nature Center, and various family-owned restaurants contribute to its community-centered lifestyle. Education and healthcare are central to the area, with Moraine Valley Community College located nearby and Palos Health (Northwestern Medicine) serving as a major regional hospital. Residents enjoy a high quality of life supported by local businesses, well-maintained public spaces, and easy access to expressways like I-294 for commuting. Palos Heights is often described as a well-kept suburb with the right balance of nature, neighborhood, and nearby convenience — a solid reflection of the broader appeal of Chicago’s southwest suburbs.The Kase Group is pleased to present a prime Walgreens property located in Palos Heights, Illinois. The asset is secured by a 25-year Absolute NNN Lease with zero landlord responsibilities, corporately guaranteed by Walgreens. The lease commenced in January 2006 and is set to expire in December 2030, with ten 5-year renewal options. This high-performing Walgreens reports strong in-store sales and is strategically positioned at a signalized intersection in one of the busiest retail nodes in the area. The site offers excellent visibility and access, with combined traffic counts exceeding 29,000 vehicles per day, ensuring steady exposure to both local residents and daily commuters. The property is located within a dense suburban retail corridor in a well-established, affluent part of Palos Heights, a desirable suburb of Chicago. The surrounding trade area features a strong lineup of national retailers and service providers, including Jewel-Osco, McDonald’s, Starbucks, Dunkin’, CVS, Ace Hardware, Chase Bank, and Dollar Tree, as well as nearby medical and office buildings such as Palos Health South Campus (Northwestern Medicine). Within a 3-mile radius, the area includes approximately 77,091 residents with an average household income of $104,177.