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Walgreens 315 N Webster St
14,550 SF Retail Building Taylorville, IL 62568 $3,480,640 ($239/SF) 7.50% Cap Rate
Investment Highlights
- Long term lease with 10+ years remaining
- NNN lease – No landlord responsibilities
- Located at the intersection of North Webster Street & West Park Street (Combined 24,800 VPD)
- Walgreens recently signed an early lease extension through March 2035*
- Significant operating history at this location since February 2006
- Neighboring retailers include Kroger, Wrights Furniture, McDonald’s, O’Reilly Auto Parts, AutoZone, Circle K, KFC, Ford, Taco Bell, and several others
Executive Summary
The 14,550 square-foot building benefits from its prime location just off the signalized intersection of North Webster Street and West Park Street, which sees a combined daily traffic volume of 24,800 vehicles. The property is surrounded by a variety of well-known retailers, including Kroger, McDonald’s, Wrights Furniture, Ace Hardware, CVS, O’Reilly Auto Parts, AutoZone, Circle K, Wendy’s, and many others. Additionally, the property is in close proximity to major employers and traffic generators such as Taylorville Memorial Hospital, Taylorville High School, and Ahlstrom Filtration. Over 14,800 people live within a five-mile radius, with an average household income of $76,115.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Mar 2035
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Mar 2035 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-13-27-126-010-00 | Improvements Assessment | $360,207 |
| Land Assessment | $240,137 | Total Assessment | $600,344 |
PROPERTY TAXES
Presented by
Walgreens | 315 N Webster St
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