1311 IL-48 - Drug Store FOR SALE


Decatur, IL 62526
$3,470,000 USD
424-253-7790
1311 IL-48, Decatur, IL for Sale
$3,470,000 USD
Drug Store - FOR SALE
1/15
null | 7.45% Cap Rate

1311 IL-48
Decatur, IL 62526


HIGHLIGHTS

  • Turnkey, fee simple acquisition opportunity offering a performing Walgreens on an absolute NNN lease with no landlord responsibilities.
  • High-impact Walgreens location with strong unit-level performance of double the national average.
  • Dependable rental income, with nine years remaining on the current term and twelve (12) five-year renewal options available.
  • Strong local demographics, with more than 72,000 residents within 5 miles, producing annual consumer spending that exceeds $770 million.
  • Equipped with a drive-thru pharmacy, providing convenience for customers picking up prescription medication.
  • Strong corporate tenant, with Walgreens ranking number 26 on the Fortune 500 list for total revenue in 2025.

OVERVIEW

AiCRE Partners, as exclusive investment sales advisor to the 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. More than 20,000 vehicles pass by the site each day, ensuring top brand presence in the local market. 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. Decatur delivers a valuable customer base within just 5 miles of 1311 IL-48, comprising a population of more than 72,600 with an average household income that exceeds $71,000. These avid shoppers produce more than $770 million in annual spending, empowering the local retail climate. 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.

FOR SALE DETAILS

PRICE

$3,470,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

MUNICIPAL

APN/PARCEL ID

04-12-09-284-009,04-12-09-284-010

ASK ABOUT THIS PROPERTY

Jason GribinAiCRE Parnters, IncMore Info
424-253-7790

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Jason GribinAiCRE Parnters, IncMore Info
424-253-7790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.