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Walgreens

909 South Main Street, Bloomington, IL, United States
$6,885,246 6.10% Cap 14,820 sq ft Representative Photo Print This Page

Location

909 South Main Street, Bloomington, IL, United States

Price: $6,885,246
CAP Rate: 6.10%
NOI: $420,000
Square-Footage: 14,820
Lot Size: 1.84 AC

100% Fee Simple InterestCorporate GuaranteeInvestment Grade CreditMinimal Landlord ObligationsNet Leased OfferingS&P Rated BBB

This offering is for the 100% fee simple interest in the land and building. The property is leased to Walgreens under a long term net lease with 16 years remaining. The lease calls for minimal landlord obligations.

The property sits on a hard corner on a highly trafficked retail corridor. The asset is strategically located near Illinois State University and Illinois Wesleyan University. The property sits 1 Mile from the State Farm Headquarters and 3 miles from the Eastland Mall (768,000+/- square feet of retail). The property also benefits from is location near the Advocate BroMenn Medical Center just 2 miles from the property and the St. Jospeh Medical Center just 3.5 miles from the property.

The asset is located in Bloomington, IL. The twin cities known as Bloomington-Normal are halfway between Chicago and St. Louis, in the heart of Central Illinois. The area is served by major Interstates 74, 39 and 55. Downtown Chicago is a 2 hour drive and St. Louis and Indianapolis are a 3 hour drive from Bloomington-Normal. The area is the epicenter of commerce and economic opportunity in Central Illinois. The area is home to the State Farm Corporate Headquarters, St. Joseph Medical Center, Country Financials and Illinois State University as well as Illinois Wesleyan University. The total
enrollment between Illinois State University and Illinois Wesleyan University exceeds 23,000 students, and total employees exceeds 4,000 staff members. The State Farm Headquarters employees over 14,000 workers.

The property sits on a hard corner on a highly trafficked retail corridor. The asset is strategically located near Illinois State University and Illinois Wesleyan University. It sits 1 Mile from the State Farm Headquarters and 3 miles from the Eastland Mall (768,000+/- square feet of retail). The property also benefits from is location near the Advocate BroMenn Medical Center just 2 miles from the property and the St. Jospeh Medical Center just 3.5 miles from the property. Additionally, the Central Illinois Regional Airport is just 5 miles from the property.

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