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Walgreens 1311 N State Route 48 12,918 SF Retail Building Decatur, IL 62526 $4,974,121 CAD ($385.05 CAD/SF) 7.10% Cap Rate
Investment Highlights
- Strong Unit level performance - Double the national average
- Walgreens (S&P: BBB-) 13 year primary lease term with rent increases of five percent (5%) every five years
- Drive-Thru Pharmacy: This serves as a convenience for customers picking up prescription medication
- The lease is fee simple absolute NNN with no landlord responsibilities
- Strong local demographics with population in excess of 74,000 and average household income is $82,730 within a 5 mile radius
- Walgreens is ranked #27 on the Fortune 500 list for total Revenue (2024)
Executive Summary
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,918 SF
Building Class
C
Year Built
2002
Price
$4,974,121 CAD
Price Per SF
$385.05 CAD
Cap Rate
7.10%
NOI
$353,163 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.90 AC
Zoning
MUNICIPAL
Frontage
271’ on NORTH ST
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 12,918 SF
- -
- Triple Net
- Aug 2035
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 12,918 SF | - | Triple Net | Aug 2035 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-12-09-284-009 | Improvements Assessment | $0 CAD |
| Land Assessment | $51,872 CAD | Total Assessment | $51,872 CAD |
Property Taxes
Parcel Number
04-12-09-284-009
Land Assessment
$51,872 CAD
Improvements Assessment
$0 CAD
Total Assessment
$51,872 CAD
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Walgreens | 1311 N State Route 48
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