Slumberland Anchored Retail Complex | Decatur, IL

265 E Ash Ave, Decatur, IL

$4,623,148

Price

7.75%

Cap Rate

$358,294

NOI

Overview
Cap Rate
7.75%
NOI
$358,294
Building Size
41,994 sqft
Lot Area
2.98 acres
Occupancy
94%
Units
5
Year Built
2000
Description

Brisky Net Lease & Slumberland Furniture are pleased to offer this multi-tenant retail complex in Decatur, IL. Appreciate a Slumberland-anchored asset with an excellent lineup of tenants. You’re located just off a major town thoroughfare with great visibility and nearby retailers including Walmart, Sam's Club, Jo-Ann Fabric, Walgreens, Chipotle and many others!

Decatur is located in central Illinois, just over 40 miles east of Springfield. The economy is based on industrial and agricultural commodity processing and production, which explains why Decatur is known as the “Soybean Capital of the World.” Decatur is home to the U.S. headquarters of agricultural conglomerate Archer Daniels Midland, the largest corn-processing plant for international agribusiness Tate & Lyle's, and one of the largest manufacturing plants for Caterpillar Inc. HomeArea.com ranked Decatur the No. 1 city in Illinois with the Most Affordable Homes. It has also been named one of the Best Places to live as well as one of the safest cities in Illinois.

Slumberland Furniture was founded in 1967 by Ken Larson. Since its inception, Slumberland has grown to 125+ stores in 13 states. It is comprised of approx. 50 corporate stores and 75 franchised locations.

In Cooperation and Conjunction with: Bang Realty-Illinois, Inc | Brian Brockman IL #471020548

Need Description

Highlights
  • Strong Local Economy and Steady Demographics
  • Great Visibility & High Daily Traffic Counts
  • Value Add with a Small Vacant Unit
  • Roof was Replaced in 2022
  • Great Mix of Tenants
Documents

Location