120 E Main St
Streator, IL 61364

OMDM is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the Walgreens property located at 120 East Main Street in Streator, Illinois (the “Property”). The Property can be acquired at a low price point of $192PSF, significantly below replacement cost, extraordinarily rare for Walgreens and other National Drugstore Chains on the market. The Property is fully leased by Walgreen Co. (WBA), operating under a lease with 10+ years on the remaining firm term. Walgreens recently expressed its commitment to the site by executing an early lease extension. The term runs through May 31, 2063, with the option to terminate with 12 months’ notice starting November 2028, and every five (5) years thereafter. Walgreens’ lease is NN with landlord responsibility limited to the maintenance and repair of all exterior items and structural portions of the building, as well as the replacement of parking areas. The Property received a new roof in July 2019 that has a transferable warranty. Base rent is $178,750 annually, or $13.75 PSF, throughout the term.