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120 E Main St
Streator, IL 61364
Walgreens · Retail Property For Sale
Investment Highlights
- Decades-Long Tenancy Paired with Long-Term Passive Lease Structure
- Prominent Downtown Location with Excellent Access and Visibility
- Ongoing Infrastructure Investment Enhancing Trade Area
- Growing Trade Area with Steady Income Gains
- Established Retail Corridor with Diverse Tenancy
Executive Summary
Walgreens has operated at this location for more than 30 years, underscoring the site’s long-standing role within the retailer’s footprint. The Property is backed by a NN lease with landlord responsibilities limited to roof and structure and includes six five-year renewal options, offering investors a stable and low-maintenance income stream through the long-term lease. Streator’s trade area is experiencing steady income growth while the local economy is supported by major employers including Vactor Manufacturing, OSF HealthCare, Owens-Illinois, and U.S. Foods, which help drive consistent demand for essential services.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,000 SF
Building Class
C
Year Built
1994
Price
$1,985,000
Price Per SF
$152.69
Cap Rate
9.01%
NOI
$178,829
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.51 AC
Zoning
CBD
Parking
71 Spaces (5.46 Spaces per 1,000 SF Leased)
Frontage
105’ on E Main St
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Metro/Subway
- Pylon Sign
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 33-25-334032 | Improvements Assessment | $222,211 |
| Land Assessment | $95,789 | Total Assessment | $318,000 |
Property Taxes
Parcel Number
33-25-334032
Land Assessment
$95,789
Improvements Assessment
$222,211
Total Assessment
$318,000
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