550 E Pershing Rd - Freestanding FOR SALE
Decatur, IL 62526 |
$1,538,000 USD
650-678-7200
550 E Pershing Rd
Decatur, IL 62526
HIGHLIGHTS
- 15-year absolute net lease featuring 10% rental increases every 5 years throughout the base term and options
- 2024 build-to-suit construction with double drive-thru
- ALDI outparcel with direct ingress/egress from E Pershing Road – 20,243 VPD
- Dual grocery anchored coffee pad to Kroger and ALDI, drawing high traffic volumes
- Brettwood Village Shopping Center is a 200,000 SF regional shopping center, anchored by Kroger, has seen 1.9M visitors in the previous 12 months
- Kroger drives traffic to the center with other national tenants including Planet Fitness, FedEx, H&R Block, and Dunkin’ Donuts
OVERVIEW
A 15-year absolute net ground lease 7 Brew featuring 10% rental increases every 5 years throughout the base term and option periods. Subject property serves as an ALDI outparcel with direct ingress/egress from E Pershing Road (20,243 VPD) and exposure to the 2.4M combined annual visitors of the ALDI and adjacent Kroger-anchored shopping center.
FOR SALE DETAILS
PRICE
$1,538,000 USD
PRICE/SF
$3,016 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
7 Brew Coffee
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
-
APN/PARCEL ID
07-07-35-351-013
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650-678-7200
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650-678-7200
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