625 W Pershing Rd - Drug Store FOR SALE
Decatur, IL 62526 |
$4,153,000 USD
312-269-0220
625 W Pershing Rd
Decatur, IL 62526
HIGHLIGHTS
- Stabilized Investment Opportunity; Leased to Walgreens with a corporate guarantee featuring zero landlord responsibilities with 6.0 years remaining
- Strong Historical Occupancy; Walgreens has been operating at this location since March 2006 producing strong store sales
- Neighboring Retail Tenants; Surrounded by tenants such as; Kroger, ALDI, Planet Fitness, Harbor Freight, Sherwin-Williams, Wendy’s, Culver’s, and more
- Ideal Demographics; Asset is located within a dense area with over 69,066 residents and an average household income of $68,000 within a 5-mile radius
- Easily Accessible Site; 2 points of Ingress/Egress from Monroe Street providing excellent visibility along Monroe Street (11,344 VPD)
- Location, Location, Location! Less than a mile from Decatur Memorial Hospital, a 280 licensed bed hospital with more than 2,500 employees
FOR SALE DETAILS
PRICE
$4,153,000 USD
PRICE/SF
$280 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
86
LAND DETAILS
LAND ACRES
1.57 AC
LAND SF
68,389 SF
ZONING
MUNICIPAL
APN/PARCEL ID
04-12-03-126-013
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312-269-0220
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312-269-0220
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