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1311 IL-48
Decatur, IL 62526

$3,470,000 USD

Drugstore For Sale  •  12,918 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 12,918 SF
  • Lot Size 1.9 AC
  • Building Class C
  • Year Built 2002
  • Cap Rate 7.45 %
  • Tenancy Single
  • Zoning MUNICIPAL
50 Walk Score

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.

Property Flyers

Cap Rate: 7.45 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 12,918 SF 8/31/2035

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru
Jason Gribin 424-253-7790 AiCRE Parnters, Inc
Jason Gribin 424-253-7790 AiCRE Parnters, Inc