loader
Join Free
Views: 97 Updated: 10.29.24 Posted: 01.17.24 Status: Inactive 10.29.24

Summary

Price $3,015,463
Built/Renov 1977
Tenant Mason Manufacturing Co.
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 45,950
Lease Start 06-01-2024
#Units 1
Price/SF $65.62
Expiration 05-31-2039
Tenant Type Industrial
NOI $241,237
R. Term 14.5
Ownership Fee Simple
Rent/SF $5.25
Increases 2.0%/1/yrs
Pop 5Mi 3,709
Lot/AC 6.00
Options 4/5yrs/2%
AHHI 5Mi $67,674

Lease Highlights

  • Mason Manufacturing Co. will be signing a brand-new 15-year lease with 4 (5-year) options to extend at the close of escrow
  • Lease features 2% annual rent increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Mason Manufacturing Co is strategically located on N Clinton Street, adjacent to Decatur Foundry Inc., High Power Source Co., Abate, House of Faith Church, and Getzner. The 5-mile trade area is supported by a population of  3,709    with an average household income of $67,674. Decatur is a city located in the central region of the state of Illinois. With a population of around 70,000...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Mason Manufacturing specializes in manufacturing custom steel products and providing precision machining services. The company has become a leading provider of high-quality fabricated metal...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,162 51,257 74,319
2023 Total Population : 7,289 52,462 76,186
2023 Employed Civilian Pop : 2,381 20,755 32,003
2023 Total Businesses : 432 2,230 3,025
2023 Average Household Income : $ 38,791 $ 55,857 $ 67,928
2023 Total Consumer Spending : $ 109 M $ 1132 M $ 1996 M
2023 Median Age : 35 39 42
2023 Total Households : 3,184 23,035 33,613
2023 Pop Age 25+: Bachelor's Degree : 329 4,318 8,167
2023 Average Home Value : $ 62,508 $ 103,557 $ 131,537
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Division St N Morgan St 2010 175 0.10 mi
N Clinton St E Olive St 2015 200 0.10 mi
N Morgan St E Olive St 2015 500 0.12 mi
N Clinton St E Center St 2015 200 0.15 mi
N Martin Luther King Jr Dr E Peoria Ave 2015 7,900 0.18 mi
E Garfield Ave Railroad Ave 2015 9,900 0.21 mi
N Martin Luther King Jr Dr E Center St 2015 7,800 0.22 mi
E Olive St N Mlk Jr Dr 2016 200 0.22 mi
N Illinois St E Walnut St 2016 750 0.25 mi
E Garfield Ave N Mlk Jr Dr 2015 8,100 0.30 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity