Runway Strip Center | 1910 S Mount Zion Rd
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Runway Strip Center 1910 S Mount Zion Rd
8,712 SF 89% Leased Retail Building Decatur, IL 62521 £2,213,625 (£254/SF) 7.02% Net Initial Yield
Investment Highlights
- Established Tenant Mix: Anchored by national brands like Jimmy John’s, Buffalo Wild Wings, H&R Block, and Hangar Orthopedics
- Strong Net Leases: Tenants cover property taxes, insurance, and maintenance, reducing management responsibilities for investors
- Strategic Location: Prominently located in a busy Decatur retail corridor near major thoroughfares, providing visibility and accessibility
- High Occupancy Rate: Currently 89% occupied, ensuring cash flow and leaving room for a value add opportunity
- Annual Rent Increases: Built-in 2% annual rent escalations at minimum across current leases offer a hedge against inflation
- Management fee: Tenants pay a ten percent management fee on CAM expenses, providing additional income
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,712 SF
Building Class
C
Year Built
2010
Price
£2,213,625
Price Per SF
£254
Net Initial Yield
7.02%
NOI
£155,378
Percent Leased
89%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Land Acres
0.97 AC
Zoning
MUNICIPAL
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £430,776 | |
| Land Assessment | £315,204 | Total Assessment | £745,979 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£315,204
Improvements Assessment
£430,776
Total Assessment
£745,979
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Ryan Schulten -
John Andreini -
Bryan Webb -
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Runway Strip Center | 1910 S Mount Zion Rd
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