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Views: 86 DOM: 244 Updated: 08.06.24 Posted: 01.17.24 Status: Active

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 14.8
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...

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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...


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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

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