500 S Main St
Kewanee, IL 61443
Retail Property For Sale

Walgreens For Sale | Strategic Location | 7.35 CAP Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Walgreens in Kewanee, IL. This drive-thru pharmacy has approximately 2.5 years left on the initial lease term with eight (5-year) options to follow. Next option begins November 2,2020 with no rent holiday. Directly across the street from the subject property is a CVS, making this a strategic location for both CVS and Walgreens. This CVS is the only major drugstore competition in a 15 mile radius and the next closest Walgreens is over 18.5 miles away. There are no Rite Aids in Illinois. Kewanee has two hospitals within city limits, OSF Saint Luke Medical Center, a 25-bed Critical Access Hospital Located 2.2 miles southwest, and Ahearn & Associates Medical Center, an acute and chronic illnesses outpatient clinic is located 0.4 miles west. Average household income in a one mile radius is $51,206, $52,455 in a three-mile radius and $52,735 in a five-mile radius. Kewanee, located in Henry County, Illinois, is less than an hour's drive from both the Peoria and Quad Cities metro areas which are populated by nearly half a million residents, making it the 90th largest CSA in the nation. The city is also accessible via Interstates 80 and 74, and is served by two Amtrack passenger trains traveling directly to and from Chicago daily.