Family Dollar Investment
1315 N Water St, Decatur, IL 62526
NNN leased Family Dollar with strong corporate guarantee.
Type:Retail
Property size:
14,490 SFPrice / SF:
$213/SF- Added:
- Mar 3, 2026
- Days on Market:
- 70
- Last Refresh:
- Mar 16 at 2:10 pm
Property Features for 1315 N Water St
General Information
- Standard status
- Active
- Size
- 14,490 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent Patrick Forkin License #475118789
Listing office Matthews
Listing date Mar 3, 2026
Source Crexi
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 Matthews
HighLights
- 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.
- High‑Traffic Retail Corridor – 35,200 vehicles per day; store foot traffic ranks in the top half of the chain’s national portfolio.
- Solid Population Base – Over 11,400 residents within one mile and nearly 94,000 within five miles.
- Approximately 4.4 years of remaining lease term.
- Continuously operating as a Family Dollar since 2019, demonstrating stable occupancy.
Overview
This commercial property, currently operating as a Family Dollar store since 2019, presents an investment opportunity with approximately 4.4 years of remaining lease term. The lease is guaranteed by Walgreens, providing strong corporate credit. Offered at a 9.87% cap rate, the property provides compelling cash flow. Situated along a primary retail corridor with a traffic count of 35,200 vehicles per day, the location offers strong visibility and consistent consumer exposure. The store's foot traffic ranks in the top half of the chain’s national portfolio, demonstrating solid unit-level performance. The surrounding area has a solid population base of over 11,400 residents within one mile and nearly 94,000 within five miles. The trade area has experienced a growth of 3.9% over the past five years, supporting long-term retail demand. The property is 14,490 square feet and is located in Decatur, IL.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Andrew L. Hartman, ...
Pharmacy
Family Dollar
Discount Store
Kimberly Riggen
Pharmacy
David Liston
Pharmacy
David Mattiuz
Pharmacy
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.955077
- Latitude
- 39.8553101
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN leased Family Dollar with strong corporate guarantee.
Where is this grocery and convenience store located?
The property is located at 1315 N Water St Decatur, IL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 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.; **High‑Traffic Retail Corridor** – 35,200 vehicles per day; store foot traffic ranks in the top half of the chain’s national portfolio.
