4655 E Maryland St - Retail FOR SALE


Decatur, IL 62521
$4,470,800 USD
972-755-5225
4655 E Maryland St, Decatur, IL for Sale
$4,470,800 USD
Retail - FOR SALE
1/11
null | 8.51% Cap Rate

4655 E Maryland St
Decatur, IL 62521


HIGHLIGHTS

  • 22,715-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter | Major Traffic Driver to the Area with Approximately Two Million Visitors Annually (source: Placer Labs Inc.)
  • Stabilized Asset | 100% Leased | 95% of the Gross Leasable Area has Triple-Net Terms
  • Anchored by a New 10.5-Year Lease with Five Below
  • Strong Base Comprised Largely of National and Regional Retailers | 67% of the Gross Leasable Area is Leased to Publicly Traded Companies
  • Buildings are Situated on 9.85 Acres with Ample Paved Parking | The Offering Includes an Additional 2.47-Acre Parcel

OVERVIEW

Decatur Marketplace is a 22,715-square-foot, multi-tenant retail center located in Decatur, Illinois. The building is currently 100 percent leased, and 95 percent of the gross leasable area has triple-net leases. The center is anchored by Five Below, who executed a new 10.5-year lease. The tenant base is a complementary mix of national and local retailers including CATO, GNC, Hollywood 21 Smoke Shop, GameStop, China King, Verizon Wireless, Solar Tan, Great Clips, and Honey Nails. The subject property consists of two multi-tenant buildings constructed in 1999 and situated on a large 9.85-acre parcel with ample paved parking. The offering includes an additional 2.47-acre parcel located directly to west of Walmart, providing a future development opportunity. Decatur Marketplace is located near the signalized intersection of Aldi Drive and Mt. Zion Road. The center benefits from multiple ingress and egress points, with cumulative traffic counts exceeding 23,708 vehicles per day. The center is shadow-anchored by a high-traffic Walmart Supercenter, with more than two million visitors annually, and near numerous other national retailers including Dollar Tree, Culver's, Taco Bell, Sonic Drive-In, ALDI, McDonald's, Dairy Queen, Kroger, and many more. The surrounding area has an average household income of $94,229 within one mile of the subject property and 48,791 residents within a five-mile radius.

FOR SALE DETAILS

PRICE

$4,470,800 USD

PRICE/SF

$197 USD /SF

CAP RATE

8.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Decatur Marketplace Bldg 1

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.32 AC

LAND SF

536,659 SF

ZONING

MUNICIPAL

APN/PARCEL ID

09-13-29-226-027

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.