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Walgreens 1311 N State Route 48 12,918 SF Retail Building Decatur, IL 62526 $5,038,020 CAD ($390.00 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
PROPERTY FACTS
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 trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| 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 | $51,611 CAD | Total Assessment | $51,611 CAD |
PROPERTY TAXES
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Walgreens | 1311 N State Route 48
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