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Description

Marcus & Millichap is pleased to present this two-tenant retail center located in Decatur, Illinois. The center contains two credit tenants with corporate guarantees and long-term historical occupancy, Sherwin Williams and DaVita Dialysis. 

Sherwin Williams has been at this location since 1967 and DaVita Dialysis since 1999. DaVita Dialysis just signed a brand new 10-year lease with increases every five years and two five-year options. 

This property is a rare 'HUB' store for Sherwin Williams, where they have a portion of the store dedicated to retail and a portion for warehousing parts for wholesale and distribution. 'HUB' stores are built in specific areas to act as both a retail store and distribution hub for surrounding stores.

The subject property is located in a retail dense area near the heart of downtown Decatur. Decatur is located in central Illinois, three hours south of Chicago.

DaVita Dialysis & Sherwin Williams| Corporate Guarantee

796 East Wood Street, Decatur, IL 62523

Price                                              $1,207,000

Net Operating Income             $84,972

Gross Square Feet                      15,000

Price/Square Foot                      $80

CAP Rate                                       7.04%

Parcel Size                                    1.02 Acres

Year Built                                     1956

 

Major Tenants:

DaVita Dialysis

Sherwin Williams

Market Summary