Walgreens
Retail | 9.01% CAP | 13,000 SqFt
Marketing description
Walgreens has operated at this location for more than 30 years, underscoring the site’s long-standing role within the retailer’s footprint. The Property is backed by a NN lease with landlord responsibilities limited to roof and structure and includes six five-year renewal options, offering investors a stable and low-maintenance income stream through the long-term lease. Streator’s trade area is experiencing steady income growth while the local economy is supported by major employers including Vactor Manufacturing, OSF HealthCare, Owens-Illinois, and U.S. Foods, which help drive consistent demand for essential services.
Investment highlights
Decades-Long Tenancy Paired with Long-Term Passive Lease Structure
Operating since 1994 under long-term lease. Landlord responsible only for roof and structure.
Growing Trade Area with Steady Income Gains
Avg. HH income (5-mile): $74,126 -> $84,192 | 2.58% annual growth through 2029.
Prominent Downtown Location with Excellent Access and Visibility
Hard corner of Main & Park Streets with strong daily exposure in city core.
Established Retail Corridor with Diverse Tenancy
13,000 SF on 1.51 acres with drive-thru. Ample parking and adaptable layout.
Ongoing Infrastructure Investment Enhancing Trade Area
$4M water system upgrade underway & $1.7M Iowa Avenue reconstruction improving connectivity.
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