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Family Dollar 1315 N Water St 14,490 SF Retail Building Decatur, IL 62526 $4,239,343 CAD ($292.57 CAD/SF) 9.87% Cap Rate
Investment Highlights
- Lease guaranteed by Walgreens with continuous Family Dollar operations since 2019, demonstrating stable occupancy and proven site performance.
- Approximately 4.4 years remaining, providing secure in-place income with future flexibility for repositioning, redevelopment, or re-tenanting.
- Over 11,400 residents within one mile and nearly 94,000 within five miles, with 3.9% five-year population growth supporting long-term retail demand.
- Offered at a 9.87% cap rate and $3.1M asking price, delivering compelling cash flow relative to comparable net-leased retail investments.
- Located along a primary retail artery with 35,200 VPD, offering strong visibility and top-half national foot traffic performance within the chain.
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License # 471021676 (IL), 478027547 (IL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthew M. Fitzgerald
License # 471021676 (IL), 478027547 (IL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2005
Price
$4,239,343 CAD
Price Per SF
$292.57 CAD
Cap Rate
9.87%
NOI
$418,464 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.43 AC
Frontage
178’ on Water St
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-12-10-281-021 | Improvements Assessment | $224,721 CAD |
| Land Assessment | $41,673 CAD | Total Assessment | $266,394 CAD |
Property Taxes
Parcel Number
04-12-10-281-021
Land Assessment
$41,673 CAD
Improvements Assessment
$224,721 CAD
Total Assessment
$266,394 CAD
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Family Dollar | 1315 N Water St
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