Walgreens

Investment Highlights

• Seconds from Porter Health Care System – Portage Campus (301 beds) & Northshore Health Center
• Double-Net lease with approximately three years remaining and six (6) five-year renewal options
• Features a drive-thru and is licensed to sell liquor, enhancing customer convenience, accessibility, and in-store traffic
• 13,838 square foot building situated on a 3-acre lot, built-to-suit for Walgreens in 1999
• Excellent visibility on US Route 6 at a signalized intersection with traffic counts of approximately 40,000 vehicles per day
• Located in a dense retail corridor with over 6.1 million square feet of retail within a five-mile radius
• The region is undergoing significant residential expansion, including the 225-home Swanson Trails subdivision by Lennar Homes and several additional communities such as Preston Trails and Brookside, all responding to rising demand for modern housing options.
• Located near The Landing at Portage, a 40-acre mixed-use development featuring up to 330,000 square feet of commercial space, including a proposed Target, restaurants, and 13 acres of outparcels for ground lease or build-to-suit. The project benefits from two signalized intersections and represents a $75-100 million investment and potential multifamily housing.