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Family Dollar 1315 N Water St 14,490 SF Retail Building Decatur, IL 62526 $3,100,000 ($213.94/SF) 9.87% Cap Rate
Investment Highlights
- Strong Credit | 6-Year Family Dollar History – Lease guaranteed by Walgreens, providing strong corporate credit.
- Near-Term Lease with Optionality – Approximately 4 years of remaining term, offering in-place income today with future flexibility for repositioning
- Solid Population Base – Over 11,400 residents within one mile and nearly 94,000 within five miles. The trade area has grown 3.9% over the past 5 Years
- Attractive Going-In Yield – Offered at a 9.87% cap rate with an asking price of $3.1 million, delivering compelling cash flow
- High-Traffic Retail Corridor – Situated along a primary retail artery with 35,200 vehicles per day, delivering strong visibility
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License # 471021676 (IL), 478027547 (IL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthew M. Fitzgerald
License # 471021676 (IL), 478027547 (IL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2005
Price
$3,100,000
Price Per SF
$213.94
Cap Rate
9.87%
NOI
$305,970
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.43 AC
Frontage
178’ on Water St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-12-10-281-021 | Improvements Assessment | $176,311 |
| Land Assessment | $32,696 | Total Assessment | $209,007 |
Property Taxes
Parcel Number
04-12-10-281-021
Land Assessment
$32,696
Improvements Assessment
$176,311
Total Assessment
$209,007
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Family Dollar | 1315 N Water St
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