Walgreens
| Status | Available |
|---|---|
| Price | $3,322,000 |
| Cap Rate | 8.17% |
| NOI | $271,288 |
| Lease Type | Absolute NNN |
| Lease Term | ±9 Years |
| Lease Start | 9/1/2022 |
| Lease Expiration | 8/31/2035 |
| Building Size | 12,918 SF |
| Lot Size | 1.90 AC |
Overview
Located less than 1.5 miles northwest of downtown Decatur, Walgreens is positioned on a hard corner at the signalized intersection of Illinois Route 48 and West Grand Avenue, where it is 1-mile from the on-ramp to US Route 36.
The property is situated within 1.5 miles of the 300-bed Decatur Memorial Hospital and within 5 miles of HSHS St. Mary’s Hospital, a 244 all-private room healthcare facility. Additional traffic drivers in the area includes Millikin University (Enrollment: 2,900), MacArthur High School (Enrollment: 1,090), Fairview Park, Decatur Indoor Sports Center, and Workman Family Baseball Field, to name a few.
The city of Decatur, IL is the largest city and county seat of Macon County, which entirely comprises the Decatur, IL Metropolitan Statistical Area (Population: 102,432). Decatur’s economy is centered around industrial and agricultural commodity processing and production and is home to the North American headquarters of Archer Daniels Midland (agricultural conglomerate), Tate & Lyle’s largest corn-processing plant, and designing/manufacturing facilities for several types of Caterpillar Inc.’s equipment.
