Offering Memorandum (L) · Decatur , IL 62526 Price: $306,750 Cap Rate: 8.0% Lessee: Safelite Auto...
Transcript of Offering Memorandum (L) · Decatur , IL 62526 Price: $306,750 Cap Rate: 8.0% Lessee: Safelite Auto...
SAFELITESAFELITEAUTOGLASSAUTOGLASS$306,750 | 8.0% CAP
1303 NORTH MAIN STREETDECATUR, IL 62526
M A R K M C LM A R K M C L O O N EO O N E S T E V E N DS T E V E N D AA V I SV I S
480.429.4580 480.429.4580
[email protected] [email protected]
RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC
8255 E RAINTREE DR SUITE 100, SCOTTSDALE, AZ 85260
480.429.4580
RETAIL1031.COM
S T E V E N DS T E V E N D AA V I SV I S
Managing Member
480.429.4580
AZ #BR101032000
M A R K M C LM A R K M C L O O N EO O N E
Senior Associate
480.429.4580
AZ #SA673250000
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment Group has not verified, andwill not verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warrantyor representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify allof the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS• Corporate Lease
• Fee Simple - Land and Building
• Signalized Hard Corner Location
• Low Rent
• Average Household Value +$212,000
Within a Mile of Subject Property
• Within ±3 Miles of the Top Three
Employers in the County - Making Up
Over 8,000 Employees
• ±1 Mile from Millikin University with
±2,500 Students
• ±5 Miles from Richland Community
College with over 3,000 Students
PROPERTY INFORMATIONPROPERTY INFORMATION
Address:1303 North Main Street
Decatur , IL 62526
Price: $306,750
Cap Rate: 8.0%
Lessee: Safelite Auto (Corporate)
Building Size: ±3,060 SF
Land Area: ±0.69 AC
LeaseExpiration:
12/31/2020
Options: 1 x 5 Year
NOI $24,540
Lease Type:NN - LL Responsible
for Roof and Structure
Increases:1 x CPI at Beginning of
Each Option Period
SAFELITESAFELITE DECATUR ILLINOISDECATUR ILLINOIS
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
PROPERTY DESCRIPTIONPROPERTY DESCRIPTIONRetail Investment Group is pleased to be the exclusive listing agent for the Safelite Auto Glass in Decatur, Illinois. The building is ±3,060 square feet and
is located on a signalized hard corner near two universities and the three largest employers in the county.
This property location is directly adjacent to supporting retailers including Walmart, Sam's Club, ALDI, Kroger, Family Dollar, Walgreens, Target,
McDonald's, Burger King, Taco Bell, and Subway. Area generators include the Decatur Memorial Hospital which is just ±1 mile away and has over 2,000
employees, Archer Daniels Midland which is just ±2 miles away and has over 4,000 employees, and Caterpillar which is just ±3 miles away and has
±2,000 employees.
SAFELITESAFELITE DECATUR ILLINOISDECATUR ILLINOIS
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
LOCATION OVERVIEWLOCATION OVERVIEWDecatur is the largest city and the county seat of Macon County in the U.S.
state of Illinois, with a population of ±76,122. The city is home of private
Millikin University and public Richland Community College. Decatur has vast
industrial and agricultural processing 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, off-highway trucks, and large mining trucks.
The USTA/Ursula Beck Pro Tennis Classic has been held annually since
1999. Players from over 20 countries compete for $15,000 in prize money
as well as ATP world ranking points at the Fairview Park Tennis Complex.
The tournament is held for ten consecutive days at Fairview Park
concluding on the first weekend in August.
The Decatur Park District resources include ±2,000 acres of park land, an
indoor sports center, Decatur Airport, three golf courses, softball, soccer
and tennis complexes, athletic fields, a community aquatic center, an
AZA-accredited zoo, and a banquet, food and beverage business.
SAFELITESAFELITE DECATUR ILLINOISDECATUR ILLINOIS
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
TENANT OVERVIEW-SAFELITE AUTOGLASSTENANT OVERVIEW-SAFELITE AUTOGLASSWith Mobile Glass Shops and stores in all 50 states, Safelite AutoGlass® is the
nation’s largest provider of vehicle glass repair, replacement and calibration
services. Last year, 6 million customers chose Safelite AutoGlass for its 24/7
national contact centers, advanced online scheduling, superior repair and
replacement systems, and the industry’s only nationwide lifetime guarantee.
Safelite AutoGlass is a member of the Safelite® Group family of brands, which
together make a difference in the lives of 10 million customers annually. This
leading service organization, founded in 1947, is reaching record growth thanks
to its People Powered, Customer Driven strategy. The Columbus, Ohio-based
company employs over 13,000 people across the United States.
The company currently serves as a third-party administrator of auto glass claims
for more than 175 insurance and fleet companies, including 19 of the top 30
property and casualty insurance companies. Safelite Solutions manages a
network of approximately 9,000 affiliate providers and operates four national
contact centers in Columbus, Ohio, one in Hiawatha, Iowa and one in Chandler,
Arizona.
Since 2005, the Safelite AutoGlass Foundation has supported organizations
that promote the health and well-being of families. The Foundation administers
giving on behalf of Safelite and its employees, providing support to approved
causes and charities and many giving initiatives in communities where the
company's employees live and work.
SAFELITESAFELITE DECATUR ILLINOISDECATUR ILLINOIS
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
SAFELITESAFELITE DECATUR ILLINOISDECATUR ILLINOIS
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
PPOPULAOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
20182018 8,037 79,803 197,948
HOUSEHOLD INCOMEHOUSEHOLD INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
20182018 $79,259 $69,593 $69,430
HOUSEHOLDSHOUSEHOLDS 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
NUMBER OF HHNUMBER OF HH 2,814 29,331 68,703
AVG HH VALUEAVG HH VALUE $212,896 $201,317 $206,239
TRTRAFFICAFFIC N MAIN STN MAIN ST W GRW GRAND AAND AVEVE
VPD/2018VPD/2018 15,700/day 11,900/day
SAFELITESAFELITE DECATUR ILLINOISDECATUR ILLINOIS
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM
M A R K M C LM A R K M C L O O N EO O N E
Senior Associate
480.429.4580
AZ #SA673250000
S T E V E N DS T E V E N D AA V I SV I S
Managing Member
480.429.4580
AZ #BR101032000