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20284695
24154793

1311 IL-48, Decatur, IL 62526

JG
CA 01819611
AiCRE Partners
Listed by AiCRE Partners
$3,470,000
625 days on market
Updated 23 days ago

Walgreens

Details
APN 04-12-09-284-009
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 12,918
Cap Rate 7.45%
NOI $258,360
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Expiration 08/31/2035
Remaining Term 9.2
Lease Options Twelve 5-year renewal options
Year Built 2002
Buildings 1
Stories 1
Acreage 1.900
Investment Type Net Lease

Retail | 7.45% CAP | 12,918 SqFt

Marketing description

AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest in the Walgreens located at 1131 IL-48 in Decatur, Illinois. The property is occupied by Walgreens, one of the nation’s largest and most established pharmacy-led retailers, operating thousands of locations across the United States and serving as a daily needs anchor in communities nationwide. Walgreens benefits from strong brand recognition, essential-service demand, and a resilient business model supported by prescription drug sales, health services, and convenience retail offerings.

The property is strategically positioned along Illinois Route 48, a primary commercial corridor in Decatur, providing excellent visibility, convenient ingress and egress, and strong exposure to both local and commuter traffic. The site is well-located near surrounding residential neighborhoods and complementary retail and service uses, allowing the store to effectively serve a broad customer base while benefiting from consistent daily traffic patterns.

Decatur serves as the county seat of Macon County and functions as a key regional center for healthcare, manufacturing, education, and government within Central Illinois. The city is supported by a stable employment base, anchored by major employers, regional medical facilities, and higher education institutions, and offers connectivity to larger Midwest markets via nearby highways. As an established infill location leased to a nationally recognized, creditworthy tenant, the Walgreens at 1131 IL-48 presents investors with the opportunity to acquire a durable net-leased asset backed by long-term fundamentals and essential retail demand.

Investment highlights

  • Strong Walgreens performance, doubling the national average.

  • 13-year primary NNN lease with no landlord responsibilities.

  • 5% rent increases every five years.

  • Located near Decatur Memorial Hospital, a 300-bed facility serving central Illinois.

  • Population exceeds 74,000 within a 5-mile radius.

  • Average household income within 5 miles is $82,730.

  • Drive-thru pharmacy for added customer convenience.

Listing Contacts

JG
CA 01819611
AiCRE Partners
Listed by AiCRE Partners

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$258,360.00
$21,530.00/mo

Valuation Metrics

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DSCR
7.45%
Cap Rate
7.45%
ROI

Map

Zoning

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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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