7 Brew Coffee | 550 E Pershing Rd
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7 Brew Coffee 550 E Pershing Rd
510 SF Retail Building Decatur, IL 62526 £1,203,408 (£2,360/SF) 6.50% Net Initial Yield
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.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
510 SF
Building Class
B
Year Built
2024
Price
£1,203,408
Price Per SF
£2,360
Net Initial Yield
6.50%
NOI
£78,245
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
0.72 AC
Frontage
147 ft on Illinois 121
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 07-07-35-351-013 | Improvements Assessment | £1,643,532 |
Land Assessment | £611,914 | Total Assessment | £2,255,447 |
PROPERTY TAXES
Parcel Number
07-07-35-351-013
Land Assessment
£611,914
Improvements Assessment
£1,643,532
Total Assessment
£2,255,447
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7 Brew Coffee | 550 E Pershing Rd
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