Properties

Walgreens

225 N Elm St Centralia, IL

Property Information

Tenant

Walgreens

Price

$5,192,308

Cap Rate

6.50%

Lease Type

Absolute Net

Square Feet

13650

Status

Available

About the property

SAB is pleased to present Walgreens in Centralia, IL. It is a triple net lease, where the tenant is responsible for all operating expenses, for an additional 9 years. The lease is corporately guaranteed by Walgreens which is S&P: BBB rated and operates more than 13,000 locations throughout the country. Pharmacies have been deemed an essential service during the Covid-19 Pandemic and will remain open. The subject property is less than a mile from SSM Health St. Mary’s Hospital. It is also 65 miles East of St. Louis.

  • Walgreens in Centralia, IL | 65 Miles East of St. Louis

  • Triple Net Lease (NNN) with 9 Years Remaining | Zero Landlord Responsibilities

  • Corporate Guaranty | S&P: BBB

  • Ideally Located on the Hard Signalized Corner of N Elm St and E McCord St | Combined More Than 18,900 Vehicles Per Day (VPD)

  • Less Than a Mile from SSM Health St. Mary’s Hospital

  • Additional Retail in the Area Includes:| Walmart, McDonald’s, Burger King, Subway, Burger Haven, Diary Queen and Many More

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