315 Webster St Taylorville, IL 62568-1555

Property Details for 315 Webster St

Lot size

1.08 lot acres

Zone code

C-2

Property type

Commercial real estate

APN

17-13-27-126-010-00

APU

17132712601000

Description

This exceptional investment opportunity presents a 14,550-square-foot Walgreens, situated on a 1.36-acre lot at 315 N Webster St, Taylorville, IL 62568. The property boasts a strong 7.50% cap rate, generating a substantial net operating income (NOI) of $261,048. The absolute NNN lease, with Walgreens as the tenant, commenced February 26, 2006, and has recently been extended through March 31, 2035, providing over 10 years of remaining lease term. This long-term lease agreement eliminates landlord responsibilities. The property benefits from its prime location at the intersection of North Webster Street and West Park Street, experiencing a combined daily traffic count of 24,800 vehicles. This strategic location is further enhanced by its proximity to major employers and traffic generators, including Taylorville Memorial Hospital, Taylorville High School, and Ahlstrom Filtration. The surrounding area is densely populated, with over 14,864 residents within a five-mile radius, exhibiting an average household income of $76,115. The property enjoys a strong tenant base, with neighboring retailers including Kroger, McDonald's, Wrights Furniture, O'Reilly Auto Parts, AutoZone, Circle K, KFC, Ford, and Taco Bell. Built in 2006, this Walgreens property represents a secure, high-yield investment with significant long-term potential. The lease includes ten 5-year renewal options. This is a single-tenant, 100% occupied property.

Location Insight

City

Taylorville

County

Christian

State

Illinois

Longitude

-89.2978

Latitude

39.5519

CBSA code

45380

CBSA name

TAYLORVILLE, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments