Jeffrey Weil / April 7, 2026
Vernon Hills, IL — November Capital, a national net lease advisory firm, is pleased to announce the successful sale of a single-tenant Walgreens net lease property located at 261 W Townline Road in Vernon Hills, Illinois.
The property consists of a 14,820-square-foot freestanding retail building situated on a 1.7-acre parcel within the Aspen Pointe retail corridor, a highly desirable retail location in the North Shore suburban Chicago market. The asset is structured as an absolute NNN net lease, offering zero landlord responsibility, with a long-term lease in place.
Strategically positioned on a signalized corner intersection, the property benefits from strong visibility and traffic counts exceeding 35,000 vehicles per day. The site is located near Hawthorn Mall, a dominant regional retail destination attracting approximately 4.5 million annual visitors, and is surrounded by a critical mass of national retailers that drive consistent consumer traffic.
The surrounding trade area is characterized by dense, affluent demographics, with average household income exceeding $196,000 within a five-mile radius. These fundamentals continue to support long-term demand for high-quality net lease real estate and reinforce the importance of strong underlying real estate in net lease investment decisions.
Jeffrey Weil, President of November Capital, a net lease investment sales and advisory firm, represented the seller in the transaction.
“This transaction reflects a broader shift in the net lease investment market,” said Jeffrey Weil of November Capital. “Investors are increasingly focused on the quality of the underlying real estate. High-quality corner parcels with strong visibility, access, and surrounding retail density are commanding the most interest, particularly in markets with durable demographics.”
Weil added, “In today’s net lease market, buyers are underwriting real estate first. Assets that combine strong locations with long-term usability continue to attract capital, even as the broader net lease investment market remains selective.”
