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Walgreens 1311 N State Route 48

12,918 SF Retail Building Decatur, IL 62526 £2,871,071 (£222/SF) 7.10% Net Initial Yield

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
Drug Store
Building Size
12,918 SF
Building Class
C
Year Built
2002
Price
£2,871,071
Price Per SF
£222
Net Initial Yield
7.10%
NOI
£203,846
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
1.90 AC
Zoning
MUNICIPAL

Amenities

  • Signage
  • 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
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-12-09-284-009
Land Assessment
£34,981
Improvements Assessment
£0
Total Assessment
£34,981
  • Listing ID: 31483539

  • Date on Market: 11/04/2024

  • Last Updated:

  • Address: 1311 N State Route 48, Decatur, IL 62526

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