Boulder Group Brokers $7.2M Sale of Property Net Leased to Walgreens in Lakemoor, Illinois

by Kristin Harlow

LAKEMOOR, ILL. — The Boulder Group has brokered the sale of a single-tenant property net leased to Walgreens in Lakemoor, about 50 miles northwest of Chicago, for $7.2 million. The 14,820-square-foot property is located at 28895 W. Highway 120. Walgreens has over 21 years remaining on its lease, which expires in October 2038. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based real estate investment firm. An East Coast-based private investment group purchased the property in a 1031 exchange.

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