Walgreens

12,918 SF | Retail Building | Decatur, IL 62526 | $4,104,000 ($318/SF) | 6.30% Cap Rate

Asking Price $4,104,000

Property Type: Retail
Square Feet: 12,918 SF
Price / Square Foot: $318

Listing Contacts

Jason Gribin

Verified Profile

Joseph Bolnick

Verified Profile

Property Info

Property Overview

Helios Investment Services is Pleased to Present Exclusively For Sale the 12,918 SF Walgreens Located at 1311 IL-48, Decatur, IL. This Opportunity Includes an Ideal 1031 Exchange Opportunity on a 11+ Year Long-Term Lease, Providing For a Unique Investment.

Property Details

Class: C
Year Built: 2002
Stories: 1
Property Subtype: Drug Store, Grocery/Convenience Store, Freestanding
Lot Size (sq. ft): 82,764 SF

Highlights

Strong Unit level performance - Double the national average
The lease is fee simple absolute NNN with no landlord responsibilities
Walgreens (S&P: BBB-) 13 year primary lease term with rent increases of five percent (5%) every five years
Strong local demographics with population in excess of 74,000 and average household income is $82,730 within a 5 mile radius
Drive-Thru Pharmacy: This serves as a convenience for customers picking up prescription medication
Walgreens is ranked #27 on the Fortune 500 list for total Revenue (2024)

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