DaVita Dialysis & Sherwin Williams| Corporate Guarantee
796 East Wood Street, Decatur, IL 62523
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
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.