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500 S Main St
Kewanee, IL 61443
Walgreens | Kewanee, IL | 9 Yrs | 7.25 CAP · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • STABLE INCOME - Rental income guaranteed by Walgreens corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
  • MAIN & MAIN LOCATION - Located along Main St. with national retailers including Save-A-LOT, McDonalds, O’Reilly Auto Parts, Dairy Queen and Autozone.
  • ONLY WALGREENS FOR 18 MI – Closest Walgreens is over 18.5 miles away. Walgreens opens 1 hr earlier & 3 hrs later than CVS & sells liquor, beer & wine.
  • 21 YR OPERATIONS & RECENTLY EXERCISED OPTION - Walgreens has 21 yrs at this location and exercised an option making the remaining term 9 yrs.
  • STRATEGIC WALGREENS LOCATION - Directly across from CVS, making this a strategic market share location for both CVS and Walgreens.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.56 AC
Frontage
324’ on S Main St

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-33-451-057
Land Assessment
$18,546
Improvements Assessment
$413,205
Total Assessment
$431,751
  • Listing ID: 20584101

  • Date on Market: 8/10/2020

  • Last Updated:

  • Address: 500 S Main St, Kewanee, IL 61443

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