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Walgreens 1311 N State Route 48

12,918 SF Retail Building Decatur, IL 62526 £2,854,914 (£221/SF) 7.10% Net Initial Yield

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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.

OM - Walgreens - Decatur, IL 10.3.24

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

12,918 SF

Building Class

Year Built

2002

Price

£2,854,914

Price Per SF

£221

Net Initial Yield

7.10%

NOI

£202,699

Tenancy

Single

Number of Floors

Building FAR

0.16

Land Acres

1.90 AC

Zoning

MUNICIPAL

Amenities

Signage

Drive Thru

MAJOR TENANTS

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.