For Sale
Walgreens | Decatur, IL
Asking Price: $4,153,000
| Cap Rate: 8.5%
- Net Operating Income: $353,000
- Weighted Avg. Lease Term (WALT): 6 Years
- Lease Type: Absolute Net
Property Highlights
- Leased to Walgreens with a corporate guarantee featuring zero landlord responsibilities with 6.0 years remaining on the initial term and multiple renewal options
- Walgreens has been operating at this location since March 2006 producing strong store sales
- 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 of the site
- Less than a mile from Decatur Memorial Hospital, a 280 licensed bed hospital with more than 2,500 employees and physicians
