1315 N Water St - Drug Store FOR SALE
Decatur, IL 62526 |
1315 N Water St
Decatur, IL 62526
HIGHLIGHTS
- Lease guaranteed by Walgreens with continuous Family Dollar operations since 2019, demonstrating stable occupancy and proven site performance.
- Offered at a 9.87% cap rate and $3.1M asking price, delivering compelling cash flow relative to comparable net-leased retail investments.
- Approximately 4.4 years remaining, providing secure in-place income with future flexibility for repositioning, redevelopment, or re-tenanting.
- Located along a primary retail artery with 35,200 VPD, offering strong visibility and top-half national foot traffic performance within the chain.
- Over 11,400 residents within one mile and nearly 94,000 within five miles, with 3.9% five-year population growth supporting long-term retail demand.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
14490
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
04-12-10-281-021
