Retail Space / Illinois / New Lenox / 60451 / 450 South Schoolhouse Road

450 South Schoolhouse Road

Q: What is the asking price for 450 South Schoolhouse Road in New Lenox?

The asking price for 450 South Schoolhouse Road is $6,990,000

Q: What is the building size of this Retail property in New Lenox, IL?

The size of the building/unit at 450 South Schoolhouse Road in New Lenox is 15,120 square feet.

Q: What kind of Retail is the propery at 450 South Schoolhouse Road?

The property at 450 South Schoolhouse Road New Lenox, IL 60451 is listed as a Free Standing Building Retail property.

Q: What is the population within 1 mile of 450 South Schoolhouse Road?

The population within 1 mile of 450 South Schoolhouse Road New Lenox, IL 60451 is 5,657 people.

Q: Who do I contact for questions about 450 South Schoolhouse Road?

You should contact the listing agent, Dan Elliott, for any details regarding this commercial listing.

New Lenox, IL 60451

Listing ID: 253452

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450 South Schoolhouse Road | for Sale | Thumbnail 1

450 South Schoolhouse Road | for Sale | Thumbnail 2

Building Size: 15,120 SF

Lot Size: --

Land Size: --

Building $/SF: $462.30

Land $/SF:

Price

$6,990,000

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, investment grade (S&P: BBB), Walgreens investment property located in New Lenox, Illinois. The tenant, Walgreen Co., has 15 years remaining in their initial term with 6 (5-year) options to extend. The lease features 5% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is corporate guaranteed by Walgreen Co. (S&P: BBB) and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Deerfield, IL, Walgreens operates more than 9,200 stores across all 50 states and was recently included in FORTUNE’s 2020 list of the World’s Most Admired Companies for the 27th consecutive year.

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Joliet History of Retail Space for Sale

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Listing Demographics for 450 South Schoolhouse Road New Lenox, IL 60451

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		5,657	40,541	89,192
Population Median Age		38	38	39
Population by Age	0-9 Yrs	763 (13%)	5597 (13%)	11287 (12%)
	10-19 Yrs	777 (13%)	5563 (13%)	12373 (13%)
	20-29 Yrs	693 (12%)	4308 (10%)	9274 (10%)
	30-39 Yrs	703 (12%)	4683 (11%)	9857 (11%)
	40-49 Yrs	679 (12%)	5477 (13%)	11899 (13%)
	50-59 Yrs	1069 (18%)	6523 (16%)	15038 (16%)
	60-69 Yrs	608 (10%)	5031 (12%)	10847 (12%)
	70+ Yrs	364 (6%)	3357 (8%)	8617 (9%)

Median HH Income		$134,212	$114,135	$109,110
Total Household Income	< 24K	69 (3%)	838 (6%)	1992 (6%)
	25-49K	147 (7%)	1294 (9%)	3562 (11%)
	50-74K	180 (9%)	1838 (13%)	4202 (13%)
	75-99K	216 (11%)	1894 (13%)	4170 (13%)
	100-199K	954 (51%)	5895 (42%)	12596 (40%)
	200K+	292 (15%)	2168 (15%)	4361 (14%)

Highest Education Level	No Diploma	97	805	2278
	Diploma or GED	778	6005	14588
	Some College	701	5365	11922
	Assoc. Degree	364	2710	5762
	Bachelors Degree	957	7468	16398
	Higher Degree	759	4762	9738

Total Housing Units		1,865	14,332	32,087
--Owner-Occupied		1,763	12,737	28,175
--Renter-Occupied		95	1,189	2,706
Owner-Occupied Values	< 100K	28	217	873
	100-199K	123	1391	3673
	200-299K	557	3838	8749
	300-399K	860	4028	8789
	400-499K	123	2042	3905
	500K+	72	1222	2186

Total Working Age Population		4,435	31,322	70,075
In Work Force		3,320	21,871	48,160
Not In Work Force		1,115	9,452	21,914
Workforce Employed		3,217	21,069	46,301
Workforce Unemployed		103	802	1,860
Civlian Workforce		3,320	21,871	48,160
Military Workforce		0	0	0

Total Households		1,858	13,926	30,882
Family Households		1,557	10,960	24,115
Non-Family Households		301	2,966	6,766
Married Couple		1,449	9,752	21,213
Other Family		107	1,208	2,902
Married w/Child		673	4,205	8,857
Single Male w/Child		9	158	284
Single Female w/Child		32	463	1,056

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243
Will County	502,266	+35	677,560	+34	907,625	+20	1,093,207

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 450 South Schoolhouse Road in New Lenox?

The asking price for 450 South Schoolhouse Road is $6,990,000

What is the building size of this Retail property in New Lenox, IL?

The size of the building/unit at 450 South Schoolhouse Road in New Lenox is 15,120 square feet

What kind of Retail is the propery at 450 South Schoolhouse Road?

The property at 450 South Schoolhouse Road New Lenox, IL 60451 is listed as a Free Standing Building Retail property

What is the population within 1 mile of 450 South Schoolhouse Road in New Lenox?

The population within 1 mile of 450 South Schoolhouse Road New Lenox, IL 60451 is 5,657 people.

Who do I contact for questions about 450 South Schoolhouse Road?

You should contact the listing agent, Dan Elliott, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Chicago Midway International Airport (MDW)	21
Chicago O'Hare International Airport (ORD)	32
Chicago Rockford International Airport (RFD)	77