1315 N Water St, Decatur, IL 62526

Strong Credit | 6-Year Family Dollar History – Lease guaranteed by Walgreens, providing strong corporate credit. The property has been continuously operating as a Family Dollar since 2019, demonstrating stable occupancy and a proven site for the tenant.

Attractive Going-In Yield – Offered at a 9.87% cap rate with an asking price of $3.1 million, delivering compelling cash flow relative to comparable net-leased opportunities.

Near-Term Lease with Optionality – Approximately 4.4 years of remaining term, offering in-place income today with future flexibility for repositioning, redevelopment, or re-tenanting.

High-Traffic Retail Corridor – Situated along a primary retail artery with 35,200 vehicles per day, delivering strong visibility and consistent consumer exposure. Store foot traffic ranks in the top half of the chain’s national portfolio, demonstrating solid unit-level performance.

Solid Population Base – Over 11,400 residents within one mile and nearly 94,000 within five miles. The trade area has grown 3.9% over the past five years, supporting long-term retail demand.