Walgreens | Decatur, IL
Retail | 8.50% CAP | 14,820 SF
Investment highlights
Stabilized Investment Opportunity; Leased to Walgreens with a corporate guarantee featuring zero landlord responsibilities with 6.0 years remaining on the initial term and multiple renewal options
Strong Historical Occupancy; Walgreens has been operating at this location since March 2006 producing strong store sales
Neighboring Retail Tenants; Surrounded by tenants such as; Kroger, ALDI, Planet Fitness, Harbor Freight, Sherwin-Williams, Wendy’s, Culver’s, and more
Ideal Demographics; Asset is located within a dense area with over 69,066 residents and an average household income of $68,000 within a 5-mile radius of the site
Easily Accessible Site; 2 points of Ingress/Egress from Monroe Street providing excellent visibility along Monroe Street (11,344 VPD)
Location, Location, Location! Less than a mile from Decatur Memorial Hospital, a 280 licensed bed hospital with more than 2,500 employees and physicians
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