List Search

1315 N Water St
Decatur, IL 62526

$3,100,000 USD

Drugstore For Sale  •  14,490 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,490 SF
  • Lot Size 2.43 AC
  • Building Class B
  • Year Built 2005
  • Tenancy Single
0 Transit Score
64 Walk Score

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.
Grant Klepadlo 773-598-8642 Matthews Real Estate Investment Services
Grant Klepadlo 773-598-8642 Matthews Real Estate Investment Services