Single-Tenant Drug Store
500 S Main St Kewanee, IL 61443
500 S Main St, Kewanee, IL, 61443
Contact for pricing
For Sale
Contact for pricing
Single-tenant Walgreens on Main Street with a double-net lease and landlord responsibility for roof and structure.
Days on Market103
Property Features for 500 S Main St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Pharma Property Group
(619) 297-0055
Listed by
Jason Pongsrikul · License #CA 01918332
Source
Crexi
Added: Apr 12 Updated: Jul 23 at 12:34AM Checked: Jul 23 at 12:34AM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This offering presents a Walgreens single-tenant drug store property on South Main Street in Kewanee, Illinois. The location has a 21-year operating history and the tenant recently exercised an option, leaving a remaining 9-year term under a double-net lease with eight additional 5-year extension options. The lease structure places responsibility for roof and structure with the landlord. Income is guaranteed by Walgreens corporation.
A CVS is directly across the street from the subject property. Saint Luke Medical Center is located 2.2 miles south of the site, and Ahern & Associates Medical Center and an acute and chronic outpatient clinic are located less than 0.4 miles away.
The property is positioned along Main Street, the major north/south thoroughfare through the city, and the immediate commercial corridor includes retailers such as Save-A-LOT, McDonald’s, O’Reilly Auto Parts, Dairy Queen, and Autozone. The Walgreens operates earlier and later than the nearby CVS and sells liquor, beer, and wine.
A CVS is directly across the street from the subject property. Saint Luke Medical Center is located 2.2 miles south of the site, and Ahern & Associates Medical Center and an acute and chronic outpatient clinic are located less than 0.4 miles away.
The property is positioned along Main Street, the major north/south thoroughfare through the city, and the immediate commercial corridor includes retailers such as Save-A-LOT, McDonald’s, O’Reilly Auto Parts, Dairy Queen, and Autozone. The Walgreens operates earlier and later than the nearby CVS and sells liquor, beer, and wine.
Key Highlights
- Single‑tenant Walgreens on Main Street in Kewanee, IL
- Double‑net lease with 9 years remaining, plus 8 (5‑year) options to extend
- Lease term recently exercised; 21‑year operating history at this location
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens Pharmacy
Pharmacy
Walgreens Photo
(Bike/Boat/Book/etc) Store
Redbox
Cinema
Walgreens
Pharmacy
FedEx OnSite
Postal Service
Similar Off Market Nearby
- Cynthia — 112 w 2nd st, kewanee, il 61443
- CVS Pharmacy — 444 S Main St, Kewanee, IL 61443
- CVS — MAIN AND OAK, 444 S Main St, Kewanee, IL 61443
- Sorcia.Louise - Hair, Skin, Wellness — 401 E 3rd St, Kewanee, IL 61443
FAQs
What type of property is this?
Drug store - Single-tenant Walgreens on Main Street with a double-net lease and landlord responsibility for roof and structure.
Where is this drug store located?
The property is located at 500 S Main St Kewanee, IL.
What are key features of this property?
This property features: Single‑tenant Walgreens on Main Street in Kewanee, IL; Double‑net lease with 9 years remaining, plus 8 (5‑year) options to extend; Lease term recently exercised; 21‑year operating history at this location
