1910 S Mount Zion Rd - Storefront FOR SALE


Decatur, IL 62521
$2,824,438 USD
415-274-7391
1910 S Mount Zion Rd, Decatur, IL for Sale
$2,824,438 USD
Storefront - FOR SALE
1/6
null | 7.02% Cap Rate

1910 S Mount Zion Rd
Decatur, IL 62521


HIGHLIGHTS

  • Established Tenant Mix: Anchored by national brands like Jimmy John’s, Buffalo Wild Wings, H&R Block, and Hangar Orthopedics
  • High Occupancy Rate: Currently 89% occupied, ensuring cash flow and leaving room for a value add opportunity
  • Strong Net Leases: Tenants cover property taxes, insurance, and maintenance, reducing management responsibilities for investors
  • Annual Rent Increases: Built-in 2% annual rent escalations at minimum across current leases offer a hedge against inflation
  • Strategic Location: Prominently located in a busy Decatur retail corridor near major thoroughfares, providing visibility and accessibility
  • Management fee: Tenants pay a ten percent management fee on CAM expenses, providing additional income

OVERVIEW

Runway Strip Center is a highly-trafficked retail strip located within immediate proximity to the entrance of the regional Decatur Airport. Featuring shallow-depth small footprint spaces and end cap drive-thru/to go national anchor tenants, the center is experiencing positive leasing momentum with the recent addition of Buffalo Wild Wings GO and additional leasing activity. The center has a high visibility location to a state highway and airport on a signalized intersection.

FOR SALE DETAILS

PRICE

$2,824,438 USD

PRICE/SF

$280 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Runway Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,271 SF

ZONING

MUNICIPAL

APN/PARCEL ID

09-13-28-101-009

ASK ABOUT THIS PROPERTY

Ryan SchultenCP Partners CREMore Info
415-274-7391

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Ryan SchultenCP Partners CREMore Info
415-274-7391

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.