Walgreens | 1311 US-48 Decatur,IL

Highlights:

• Strong Unit level performance - Double the national average
• The lease is fee simple absolute NNN with no landlord responsibilities
• Walgreens (S&P: BBB-) 13 year primary lease term with rent increases of five percent (5%) every five years
• Strong local demographics with population in excess of 74,000 and average household income is $82,730 within a 5 mile radius
• Drive-Thru Pharmacy: This serves as a convenience for customers picking up prescription medication
• Walgreens is ranked #27 on the Fortune 500 list for total Revenue (2024)

Description:

AiCRE Partners, as exclusive investment sales advisor to Seller, is pleased to offer the opportunity to acquire the fee simple interest in the Walgreens located at 1131 IL-48 in Decatur, Illinois. The property is occupied by Walgreens, one of the nation’s largest and most established pharmacy-led retailers, operating thousands of locations across the United States and serving as a daily needs anchor in communities nationwide. Walgreens benefits from strong brand recognition, essential-service demand, and a resilient business model supported by prescription drug sales, health services, and convenience retail offerings.

The property is strategically positioned along Illinois Route 48, a primary commercial corridor in Decatur, providing excellent visibility, convenient ingress and egress, and strong exposure to both local and commuter traffic. The site is well-located near surrounding residential neighborhoods and complementary retail and service uses, allowing the store to effectively serve a broad customer base while benefiting from consistent daily traffic patterns.

Decatur serves as the county seat of Macon County and functions as a key regional center for healthcare, manufacturing, education, and government within Central Illinois. The city is supported by a stable employment base, anchored by major employers, regional medical facilities, and higher education institutions, and offers connectivity to larger Midwest markets via nearby highways. As an established infill location leased to a nationally recognized, creditworthy tenant, the Walgreens at 1131 IL-48 presents investors with the opportunity to acquire a durable net-leased asset backed by long-term fundamentals and essential retail demand.

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