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1315 N Water St Decatur, IL 62526

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For Sale
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NNN leased Family Dollar with strong corporate guarantee.

Property size:
14,490 SF
Lot size:
2.43 Acres

Property Features for 1315 N Water St

General Information

Standard status
Active
Size
14,490 SF
Lot size
2.43 Acres

Building Details

Year built
2005

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Listing Contact
Patrick Forkin
Source: Crexi

Listing Agency: Matthews Listing Agent: Patrick Forkin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Family Dollar Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Andrew L. Hartman, ... Pharmacy Family Dollar Discount Store Kimberly Riggen Pharmacy David Liston Pharmacy David Mattiuz Pharmacy

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Decatur
County
Macon
State
Illinois
Longitude
-88.955077
Latitude
39.8553101

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 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.
More about this property
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