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7 Brew Coffee 550 E Pershing Rd

510 SF Retail Building Decatur, IL 62526 $1,538,000 ($3,016/SF) 6.50% Cap Rate

Retail Buildings Illinois Decatur 550 E Pershing Rd, Decatur, IL 62526

Investment Highlights

  • 15-year absolute net lease featuring 10% rental increases every 5 years throughout the base term and options
  • ALDI outparcel with direct ingress/egress from E Pershing Road – 20,243 VPD
  • 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
  • 2024 build-to-suit construction with double drive-thru
  • Dual grocery anchored coffee pad to Kroger and ALDI, drawing high traffic volumes
  • Kroger drives traffic to the center with other national tenants including Planet Fitness, FedEx, H&R Block, and Dunkin’ Donuts

Executive Summary

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.

Attachments

7Brew_DecaturIL

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
510 SF
Building Class
B
Year Built
2024
Price
$1,538,000
Price Per SF
$3,016
Cap Rate
6.50%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Land Acres
0.72 AC
Frontage
147 FT on Illinois 121
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550 E Pershing Rd, Decatur, IL - aerial map view

Nearby Major Retailers

Bob Evans Restaurants
ALDI
Kroger
Planet Fitness
Regions Bank
First Mid Bank
PNC Bank
Busey Bank
The YMCA
CrossFit

PROPERTY TAXES

Parcel Number 07-07-35-351-013 Improvements Assessment $2,100,495
Land Assessment $782,049 Total Assessment $2,882,544

PROPERTY TAXES

Parcel Number
07-07-35-351-013
Land Assessment
$782,049
Improvements Assessment
$2,100,495
Total Assessment
$2,882,544
(415) 274-2715

  • Listing ID: 33207326

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 550 E Pershing Rd, Decatur, IL 62526

More public record information on 550 E Pershing Rd, Decatur, IL 62526

The Retail Property at 550 E Pershing Rd, Decatur, IL 62526 is currently available For Sale. Contact CP Partners CRE for more information.

Nearby Listings

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550 E Pershing Rd, Decatur, IL for sale Primary Photo- Image 1 of 4
External 1
550 E Pershing Rd, Decatur, IL for sale Building Photo- Image 2 of 4
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550 E Pershing Rd, Decatur, IL for sale Aerial- Image 3 of 4
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7 Brew Coffee | 550 E Pershing Rd
(415) 274-2715 x

7 Brew Coffee | 550 E Pershing Rd

1/3

John Andreini

(415) 274-2715

(415) 274-2715

Kirby Dederian

(415) 274-2700

(415) 274-2700

Ryan Schulten

(415) 274-7391

(415) 274-7391

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