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Drug Store

National Drugstore Portfolio | Walgreens | Decatur, IL

625 W Pershing Rd, Decatur, IL 62526

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$23.82

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Decatur is the largest city in Macon County, Illinois, about 41 miles east of Springfield. The estimated population within 5 miles was 72,981 in 2021, according to the United States Census Bureau. For Macon County, Decatur is the center of trade and commerce. The city offers excellent highway connectivity, provided by Interstate 72, U.S. Routes 51 and 36, and Illinois Routes 48, 121, and 105. Decatur is also home to the Decatur Airport. There is a rich history of manufacturing and agricultural processing in the city, which is home to firms such as Archer Daniels Midland Company, Caterpillar, Inc., and Tate & Lyle. Higher education facilities in Decatur include Millikin University and Richland Community College. The two major hospitals in Decatur are Decatur Memorial Hospital, about 1 mile from Walgreens, and St. Mary’s Hospital.

Investment Highlights

  • Situated on a major retail corridor in Pershing Road
  • Decatur is the largest city in Macon County, with a population of more than 72,900
  • Proximity to major employers such as Decatur Memorial Hospital, Caterpillar, Inc., and Millikin University

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Drug Store

National Drugstore Portfolio | Walgreens | Decatur, IL

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$23.82

Investment Highlights

  • Situated on a major retail corridor in Pershing Road
  • Decatur is the largest city in Macon County, with a population of more than 72,900
  • Proximity to major employers such as Decatur Memorial Hospital, Caterpillar, Inc., and Millikin University

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Decatur is the largest city in Macon County, Illinois, about 41 miles east of Springfield. The estimated population within 5 miles was 72,981 in 2021, according to the United States Census Bureau. For Macon County, Decatur is the center of trade and commerce. The city offers excellent highway connectivity, provided by Interstate 72, U.S. Routes 51 and 36, and Illinois Routes 48, 121, and 105. Decatur is also home to the Decatur Airport. There is a rich history of manufacturing and agricultural processing in the city, which is home to firms such as Archer Daniels Midland Company, Caterpillar, Inc., and Tate & Lyle. Higher education facilities in Decatur include Millikin University and Richland Community College. The two major hospitals in Decatur are Decatur Memorial Hospital, about 1 mile from Walgreens, and St. Mary’s Hospital.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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