1315 N Water St - Drug Store FOR SALE
Decatur, IL 62526 |
$3,100,000 USD
773-598-8642
1315 N Water St
Decatur, IL 62526
HIGHLIGHTS
- Strong Credit | 6-Year Family Dollar History – Lease guaranteed by Walgreens, providing strong corporate credit.
- Attractive Going-In Yield – Offered at a 9.87% cap rate with an asking price of $3.1 million, delivering compelling cash flow
- Near-Term Lease with Optionality – Approximately 4 years of remaining term, offering in-place income today with future flexibility for repositioning
- High-Traffic Retail Corridor – Situated along a primary retail artery with 35,200 vehicles per day, delivering strong visibility
- 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 5 Years
FOR SALE DETAILS
PRICE
$3,100,000 USD
PRICE/SF
$214 USD /SF
CAP RATE
9.87%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.43 AC
LAND SF
105,851 SF
ZONING
-
APN/PARCEL ID
04-12-10-281-021
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773-598-8642
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773-598-8642
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