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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
  • Cap Rate 9.87 %
  • Tenancy Single
50 Walk Score

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
Cap Rate: 9.87 %

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar
Grant Klepadlo 773-598-8642 Matthews Real Estate Investment Services
Grant Klepadlo 773-598-8642 Matthews Real Estate Investment Services