625 Pershing RdDecatur, IL 62526

Property Details for 625 Pershing Rd

Lot size

1.57 AC

Zone code

MUNICIPAL

Property type

Drug stores

APN

04-12-03-126-013

APU

41203126013

Description

This exceptional investment opportunity presents a 14,820-square-foot Walgreens pharmacy located at 625 W Pershing Rd, Decatur, IL 62526. The property sits on a 1.6-acre lot and boasts a strong operating history since its construction in 2006. The absolute NNN lease with Walgreens, the nation's second-largest pharmacy chain, extends until March 31, 2031, with ten 5-year renewal options. The property generates a substantial net operating income (NOI) of $353,000, resulting in an attractive 8.25% cap rate. The building benefits from its high-traffic location, just off the intersection of West Pershing Road (18,300 vehicles per day) and North Monroe Street (10,700 vehicles per day), with proximity to Interstate 72 (14,300 vehicles per day). This prime location is surrounded by a variety of well-established retailers, including Kroger, ALDI, and several automotive dealerships. The area also features significant employment centers such as the Decatur Caterpillar plant (5,000 employees) and the Decatur Rail Yard. A strong demographic profile supports the investment, with over 69,800 people residing within a five-mile radius, boasting an average household income of $74,856. This is a rare opportunity to acquire a stable, high-performing net-leased property anchored by a creditworthy tenant with a long-term commitment. The asking price is $4,280,000.

• CAP approach

  CAP return

  Valuation

  6%

  $26,896,434

  6.5%

  $24,827,478

  7%

  $23,054,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,435,648

  Geo Method

  $13,435,648

• Alternative Use

  Use

  Valuation

  Residential

  $20,942,906

  Hospitality

  $19,183,590

  Educational

  $15,960,521

  Medical

  $16,509,428

  Retail

  $24,827,478

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8747

Longitude

-88.9651

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].