1315 N Water St Decatur, IL 62526
NNN leased Family Dollar with strong corporate guarantee.
Property size:
14,490 SFLot size:
2.43 AcresProperty 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
Source:
Crexi
Listing Agency: Matthews Listing Agent: Patrick Forkin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
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 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.
