1311 N State Route 48 - Drug Store FOR SALE
Decatur, IL 62526 |
$3,638,873 USD
310-867-9311
1311 N State Route 48
Decatur, IL 62526
HIGHLIGHTS
- Strong Unit level performance - Double the national average
- The lease is fee simple absolute NNN with no landlord responsibilities
- Walgreens (S&P: BBB-) 13 year primary lease term with rent increases of five percent (5%) every five years
- Strong local demographics with population in excess of 74,000 and average household income is $82,730 within a 5 mile radius
- Drive-Thru Pharmacy: This serves as a convenience for customers picking up prescription medication
- Walgreens is ranked #27 on the Fortune 500 list for total Revenue (2024)
FOR SALE DETAILS
PRICE
$3,638,873 USD
PRICE/SF
$282 USD /SF
CAP RATE
7.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.9 AC
LAND SF
82,764 SF
ZONING
MUNICIPAL
APN/PARCEL ID
04-12-09-284-009
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
310-867-9311
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
310-867-9311
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
