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22482069

625 W Pershing Rd, Decatur, IL 62526

DW
IL 475153121, IL
Quantum Real Estate Advisors
BB
475.161432
Quantum Real Estate Advisors
Listed by Quantum Real Estate Advisors
$4,153,000
431 days on market
Updated 49 days ago

Walgreens | Decatur, IL

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Units 1
Cap Rate 8.50%
NOI $353,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 03/31/2031
Remaining Term 4.8
Lease Options (10) 5-Year Options
Year Built 2006
Buildings 1
Stories 1
Acreage 1.570
Parking Spaces 86 spaces
Parking Per SqFt 5.80
Investment Type Stabilized
Lease Commencement 03/23/2006
Ground Lease No

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

Listing Contacts

DW
IL 475153121, IL
Quantum Real Estate Advisors
BB
475.161432
Quantum Real Estate Advisors
Listed by Quantum Real Estate Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$353,000.00
$29,416.67/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

Map

Zoning

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

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