2062 Mount Zion Rd, Decatur, IL 62521
2,225 SF | Retail Building | Decatur, IL 62521 | $2,748,031 ($1,235/SF) | 6.35% Cap Rate
For Sale
Active
Asking Price $2,748,031
- Property Type
-
Retail
- Square Feet
- 2,225 SF
- Price / Square Foot
- $1,235
Listing Contacts
John Feeney
Randy Blankstein
- Property Info
Property Overview
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Starbucks property located in Decatur, Illinois. Construction on the new Starbucks property was completed in early 2024. The store opened for business in March 2024 with rent officially commencing in June 2024. The lease features 7.5% rental escalations every five years through the primary term and four 5-year renewal options. Starbucks is an investment grade tenant, rated BBB+ by Standard & Poor’s.
The 2,225 square-foot building benefits from its outparcel position in a Rural King anchored shopping center. The shopping center recently received a facelift with the construction of three new outparcel stores including the subject Starbucks, 7 Brew, and Take 5 Oil Change. The parcel is located at the southeast corner of a signalized intersection along Illinois 121 which experiences 10,700 vehicles per day. The area is populated by dozens of nationally recognized tenants including Walmart Supercenter, Kroger, ALDI, Rural King, Dollar Tree, Walgreens, McDonald’s, AMC Theaters, Taco Bell, Culver’s, and several others. There are nearly 46,000 people living within a five-mile radius of the asset. The average household income within one-mile is $98,987. The property is also one mile south of Decatur Airport and within close proximity to US Highway 36 (15,300 VPD).
Starbucks Corporation (NASDAQ: SBUX) is an American global coffee company and coffeehouse chain based in Seattle, Washington. Starbucks was founded in 1985 as a local coffee bean roaster and retailer and has grown into the largest coffeehouse company in the world. In recent years, Starbucks has expanded exponentially, more than doubling its units over the past 10 years. The number of Starbucks stores worldwide exceeded 35,000 in 2024. Starbucks is an investment grade rated company with a Standard & Poor’s rating of BBB+.
The 2,225 square-foot building benefits from its outparcel position in a Rural King anchored shopping center. The shopping center recently received a facelift with the construction of three new outparcel stores including the subject Starbucks, 7 Brew, and Take 5 Oil Change. The parcel is located at the southeast corner of a signalized intersection along Illinois 121 which experiences 10,700 vehicles per day. The area is populated by dozens of nationally recognized tenants including Walmart Supercenter, Kroger, ALDI, Rural King, Dollar Tree, Walgreens, McDonald’s, AMC Theaters, Taco Bell, Culver’s, and several others. There are nearly 46,000 people living within a five-mile radius of the asset. The average household income within one-mile is $98,987. The property is also one mile south of Decatur Airport and within close proximity to US Highway 36 (15,300 VPD).
Starbucks Corporation (NASDAQ: SBUX) is an American global coffee company and coffeehouse chain based in Seattle, Washington. Starbucks was founded in 1985 as a local coffee bean roaster and retailer and has grown into the largest coffeehouse company in the world. In recent years, Starbucks has expanded exponentially, more than doubling its units over the past 10 years. The number of Starbucks stores worldwide exceeded 35,000 in 2024. Starbucks is an investment grade rated company with a Standard & Poor’s rating of BBB+.
Property Details
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 22,216 SF
Highlights
- Investment grade tenant – BBB+ (Standard & Poor’s)
- New construction - Now open
- 10-year lease
- Shopping center outparcel anchored by Rural King
- Part of a shopping center update – new retail outparcels (Starbucks, 7 Brew, Take 5 Oil Change)
- Dense retail corridor with tenants Walmart Supercenter, Kroger, ALDI, Rural King, Dollar Tree, Walgreens, McDonald’s, AMC Theaters, and several others
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