315 N Webster St - Drug Store FOR SALE


Taylorville, IL 62568
$3,480,640 USD
847-562-9280
315 N Webster St, Taylorville, IL for Sale
$3,480,640 USD
Drug Store - FOR SALE
1/2
null | 7.5% Cap Rate

315 N Webster St
Taylorville, IL 62568


HIGHLIGHTS

  • Long term lease with 10+ years remaining
  • Walgreens recently signed an early lease extension through March 2035*
  • NNN lease – No landlord responsibilities
  • Significant operating history at this location since February 2006
  • Located at the intersection of North Webster Street & West Park Street (Combined 24,800 VPD)
  • Neighboring retailers include Kroger, Wrights Furniture, McDonald’s, O’Reilly Auto Parts, AutoZone, Circle K, KFC, Ford, Taco Bell, and several others

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Taylorville, Illinois. Walgreens has a long operating history at this location since 2006. Walgreens recently signed an early lease extension in October 2024 extending their lease through Mach 2035 which demonstrates immense commitment. This is now a long-term lease with over ten years remaining. The lease is also absolute triple net which presents no landlord responsibilities. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 28 for total revenue. The 14,550 square-foot building benefits from its prime location just off the signalized intersection of North Webster Street and West Park Street, which sees a combined daily traffic volume of 24,800 vehicles. The property is surrounded by a variety of well-known retailers, including Kroger, McDonald’s, Wrights Furniture, Ace Hardware, CVS, O’Reilly Auto Parts, AutoZone, Circle K, Wendy’s, and many others. Additionally, the property is in close proximity to major employers and traffic generators such as Taylorville Memorial Hospital, Taylorville High School, and Ahlstrom Filtration. Over 14,800 people live within a five-mile radius, with an average household income of $76,115. Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.

FOR SALE DETAILS

PRICE

$3,480,640 USD

PRICE/SF

$239 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C-2

APN/PARCEL ID

17-13-27-126-010-00

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.