550 Pershing Rd Decatur, IL 62526
- Retail properties
- 510 SF
- 0.72 lot acres
Current Use by Public Records
- Retail properties
Property Details for 550 Pershing Rd
- Year built
- 2024
- Lot size
- 0.72 lot acres
- Property size
- 510 SF
- Property type
- Retail properties
- Property subtype
- Freestanding property
Description
Exceptional investment opportunity: a 2024-built 7 Brew Coffee shop in Decatur, Illinois, presents a compelling net lease offering. This freestanding, 510 square foot QSR/Fast Food establishment boasts a prominent location within the Brettwood Village Shopping Center, a 200,000 square foot regional center attracting 1.9 million visitors annually (72nd percentile nationally). The property benefits from a 15-year absolute net ground lease with a built-in 10% rent increase every five years, ensuring consistent income growth. Situated on a 0.72-acre lot with 10 parking spaces, the 7 Brew enjoys excellent visibility and accessibility via direct ingress/egress from E Pershing Road, a high-traffic artery with 20,243 vehicles per day. The strategic outparcel location adjacent to ALDI and a Kroger-anchored shopping center further enhances its appeal, leveraging the combined traffic of these major retailers. The property's strong tenant, 7 Brew Coffee, and the favorable lease terms make this a low-risk, high-reward investment with a 6.50% cap rate and a $100,000 annual net operating income (NOI). The property features a double drive-thru for efficient customer service. This is a rare opportunity to acquire a well-positioned, high-performing asset in a thriving retail environment. Asking price: $1,538,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.9513
- Latitude
- 39.8773
