Market Summary

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Sale Price                   Request for Offer

NOI                                      $177,250

Rentable SF                        21,294 SF

Year Built                            1980

Lot Size                               1.63 Acres

Description

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Marcus & Millichap is pleased to present the CSL & IL DHS Anchored Center - Decatur, IL. The Property provides the opportunity for a new owner to purchase an easy to manage, two national credit tenant center that provides generous cash flow. The Property consists of a single-story building totaling 21,294 SF on a 1.24-acre parcel as well as a surplus parking lot on a separate 0.39-acre parcel. The building is 100% occupied by CSL Plasma and the State of Illinois Department of Health and Human Services.  CSL Plasma has been a tenant since 1996 and completed a $600,000 in improvements a few years ago showing their commitment to the site. The State of Illinois does not have a kick out clause in their lease.  It is a firm 5-year term. They moved into the building in late 2022 and has a brand-new buildout. With only two tenants plus additional billboard income, the asset is perfect for an investor looking for a passive investment.

Decatur is the largest city and the county seat of Macon County. Decatur has an economy based on industrial and agricultural commodity processing and production, including the North American headquarters of agricultural conglomerate Archer Daniels Midland, international agribusiness Tate & Lyle's largest corn-processing plant, and the designing and manufacturing facilities for Caterpillar Inc.'s wheel-tractor scrapers, compactors, large wheel loaders, mining class motor grader, off-highway trucks, and large mining trucks. The Property has excellent frontage on North Water Street with visibility to traffic counts of 11,835 vehicles per day. The Property benefits from extremely strong demographics with a 2023 population of ±75,985 and an average household income of ±$63,648 within a 5-mile radius.