1311 IL-48 Decatur, IL 62526

This Walgreens property in Decatur, Illinois, presents an excellent investment opportunity with a long-term, fee-simple absolute NNN lease, offering no landlord responsibilities. Built in 2002 and situated on a 1.90-acre lot, the 12,918 SF building is occupied by Walgreens, a Fortune 500 company with an S&P BBB- credit rating, ensuring reliability and financial strength.

The lease commenced on September 1, 2022, and continues until August 31, 2035, with twelve 5-year renewal options, providing secure income for years to come. Investors benefit from rent increases of 5% every five years, including option periods, driving increasing returns over time.

This property is ideally positioned near Decatur Memorial Hospital, which has served the community for over a century. It is surrounded by a dense population of over 74,000 within a 5-mile radius, with strong average household incomes exceeding $82,000. These demographics support the store’s robust performance, which is reported to be double the national average.

Highlights include a drive-thru pharmacy, serving the needs of local residents, and proximity to key roadways such as IL-48 and N Fairview Ave with traffic counts exceeding 13,000 VPD.

Investors looking for a stable, high-yield property with minimal risk will find this Walgreens in Decatur, IL, a perfect fit.

Contact us today for more information on this premier NNN investment opportunity.