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1315 N Water St
Decatur, IL 62526
Family Dollar · Retail Property For Sale
Investment Highlights
- Lease guaranteed by Walgreens, providing strong corporate credit
- ±4.4 years remaining term with future repositioning flexibility
- Store foot traffic ranks in the top half of the chain's national portfolio
- 9.87% cap rate with an asking price of $3.1 million
- 35,200 vehicles per day along primary retail artery
- Nearly 94,000 residents within five miles; trade area grown 3.9% over five years
Executive Summary
Broker Of Record
Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
471021676, 478027547 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661 (866) 889-0550
Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
471021676, 478027547 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661 (866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2005
Price
$4,274,714 CAD
Price Per SF
$295.01 CAD
Cap Rate
9.87%
NOI
$421,956 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.43 AC
Property Taxes
| Parcel Number | 04-12-10-281-021 | Improvements Assessment | $245,435 CAD |
| Land Assessment | $45,515 CAD | Total Assessment | $290,950 CAD |
Property Taxes
Parcel Number
04-12-10-281-021
Land Assessment
$45,515 CAD
Improvements Assessment
$245,435 CAD
Total Assessment
$290,950 CAD
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