Absolute NNN Retail
For Sale
Contact for pricing
Pending
108 S Poplar St, Pana, IL 62557
Walgreens occupies the property under an absolute NNN lease with drive-through service and scheduled rent increases.
Property SizeContact for details
Days on Market142
Property Features for 108 S Poplar St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 7:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
The property at 108 S Poplar St in Pana, Illinois, is occupied by Walgreens under a long-term absolute NNN lease. The structure places landlord management and maintenance responsibilities with the tenant and includes a drive-through lane serving the retail operation. Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., guarantees the lease; the parent company itself does not provide the guarantee.
Contract terms include 5% rent increases every five years during the original lease term, along with 12 five-year renewal options if exercised. Pana Community Hospital, a 22-bed critical access hospital, is located less than one mile from the property and employs approximately 280 full-time, part-time, and PRN personnel.
The property is positioned near the junction of Route 29 and Highway 51 in Christian County. The county is served by four airports, two Class 1 railroads, and two shortline railroads, with access to Decatur, Peoria, Champaign, Bloomington, Chicago, St. Louis, and Springfield.
Contract terms include 5% rent increases every five years during the original lease term, along with 12 five-year renewal options if exercised. Pana Community Hospital, a 22-bed critical access hospital, is located less than one mile from the property and employs approximately 280 full-time, part-time, and PRN personnel.
The property is positioned near the junction of Route 29 and Highway 51 in Christian County. The county is served by four airports, two Class 1 railroads, and two shortline railroads, with access to Decatur, Peoria, Champaign, Bloomington, Chicago, St. Louis, and Springfield.
Key Highlights
- Long‑term absolute NNN lease with no landlord management or maintenance responsibilities
- Walgreens occupancy with lease guarantee from Walgreen Co.
- 5% rent increases every five years during the original term and renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 62557, IL
6,841
Population
3,338
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
116.9 sq mi
ZIP Area
59
Density / Sq Mi
$51,769
Median Household Income
$29,878
Median Earnings
$684
Median Rent
$93,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Walgreens occupies the property under an absolute NNN lease with drive-through service and scheduled rent increases.
Where is this nnn property located?
The property is located at 108 S Poplar St Pana, IL.
What are key features of this property?
This property features: Long‑term absolute NNN lease with no landlord management or maintenance responsibilities; Walgreens occupancy with lease guarantee from Walgreen Co.; 5% rent increases every five years during the original term and renewal options
