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- LoopNet Team
120 E Main St
Streator, IL 61364
Walgreens · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Metro/Subway
- Pylon Sign
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
ABOUT 120 E MAIN ST , STREATOR, IL 61364
A rare opportunity to acquire a Walgreens Pharmacy for under $4,000,0000 located in Streator, IL. The property is the only Drug Store in over 20 Mile Radius and is situated in the middle of town. This asset Outstand Store Sales with a Rent To Sales Ratio of 2.3% Making this one of the highest performing stores in the country on a Rent To Sales Health Ratio a typical method Walgreens uses to analyze future renewals.Investment Highlights Include: Lease Corporately Guaranteed by Walgreens (Investment Grade BBB Rating) 25 Year Initial Term Lease / 4, 5-Year Renewal Options / 10% Rent Increases New Roof in 2010 with a 15-Year Transferable Roof Warranty 11.5 Years Remaining On The Base Term | NN | Minimal Landlord Responsibilities. Strong Demographics |186,500+ Pop within 5 Miles. $70,000+ Average HH-IncomePrice: $2,950,000 | CAP RATE: 6.10% NOI: $178,745 ($14,895/Month) Due to Strong Store Sales (2015 Total Store Sales $7,800,000) Walgreens showed its strong commitment to this site by extending its lease early for another 12-Years through November 2028.
PROPERTY TAXES
| Parcel Number | 33-25-334032 | Improvements Assessment | $222,211 |
| Land Assessment | $95,789 | Total Assessment | $318,000 |
PROPERTY TAXES
