NNN-Leased WellNow Medical
For Sale
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4165 N Water St Suite 300, Decatur, IL 62526
Newly constructed, corporate-signed Well Now medical center with a 10-year NNN lease and monument signage at a hard corner.
Property SizeContact for details
Days on Market120
Property Features for 4165 N Water St Suite 300
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the fee simple interest (land and building ownership) in a newly constructed, NNN leased Well Now investment property. The building is planned to open by Q4 2021 and is leased to ASP UC Support, LLC under a brand new 10-year lease with three five-year options to extend. The lease includes a 10% rental increase in year 6 and 8% rental increases at the beginning of each option period, and it is corporate-signed with NNN terms and limited landlord responsibilities.
The property is located at a signalized, hard corner intersection of N. Water Street and Ash Street, with the site described as averaging 37,000 combined vehicles passing by daily. Two large monument signs support visibility along both cross streets, and the location is noted as providing access to multiple major commuter thoroughfares, including Interstate 72 and State Highway 121. The asset is directly across from a 395,326 SF neighborhood shopping center anchored by Walmart and Sam’s Club.
The surrounding area is described as including national/credit tenants such as Kohl’s, Best Buy, Pet Smart, TJ Maxx, Walgreens, Panera Bread, Hobby Lobby, and more, with additional consumer support from nearby apartment complexes listed in the remarks.
The property is located at a signalized, hard corner intersection of N. Water Street and Ash Street, with the site described as averaging 37,000 combined vehicles passing by daily. Two large monument signs support visibility along both cross streets, and the location is noted as providing access to multiple major commuter thoroughfares, including Interstate 72 and State Highway 121. The asset is directly across from a 395,326 SF neighborhood shopping center anchored by Walmart and Sam’s Club.
The surrounding area is described as including national/credit tenants such as Kohl’s, Best Buy, Pet Smart, TJ Maxx, Walgreens, Panera Bread, Hobby Lobby, and more, with additional consumer support from nearby apartment complexes listed in the remarks.
Key Highlights
- Fee simple (land & building) ownership of a newly constructed WellNow medical center with NNN lease structure.
- Tenant: ASP UC Support, LLC—signed a new 10‑year lease with 3 (5‑year) options to extend.
- Lease rent growth: 10% rental increase in year 6, plus 8% increases at the beginning of each option period.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 62526, IL
31,758
Population
16,425
Households
1.9
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
66.0 sq mi
ZIP Area
481
Density / Sq Mi
$48,222
Median Household Income
$39,048
Median Earnings
$785
Median Rent
$91,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Newly constructed, corporate-signed Well Now medical center with a 10-year NNN lease and monument signage at a hard corner.
Where is this medical center located?
The property is located at 4165 N Water St Suite 300 Decatur, IL.
What are key features of this property?
This property features: Fee simple (land & building) ownership of a newly constructed WellNow medical center with NNN lease structure.; Tenant: ASP UC Support, LLC—signed a new 10‑year lease with 3 (5‑year) options to extend.; Lease rent growth: 10% rental increase in year 6, plus 8% increases at the beginning of each option period.
