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1311 N State Route 48
Decatur, IL 62526

$3,638,873 USD

Drugstore For Sale  •  12,918 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 12,918 SF
  • Lot Size 1.9 AC
  • Building Class C
  • Year Built 2002
  • Cap Rate 7.10 %
  • Tenancy Single
  • Zoning MUNICIPAL
0 Transit Score
71 Walk Score

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)

Property Flyers

Cap Rate: 7.10 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 12,918 SF 8/31/2035

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru
Jason Gribin 310-867-9311 Helios Investment Services
Jason Gribin 310-867-9311 Helios Investment Services