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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.

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
£1,203,408
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

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-07-35-351-013
Land Assessment
£611,914
Improvements Assessment
£1,643,532
Total Assessment
£2,255,447
  • Listing ID: 33207326

  • Date on Market: 17/09/2024

  • Last Updated:

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

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