775 Pershing RdDecatur, IL 62526

Property Details for 775 Pershing Rd

Lot size

0.61 AC

Zone code

MUNICIPAL

Property type

Drive through restaurants

APN

04-12-02-126-028

APU

41202126028

Description

This exceptional investment opportunity presents a 2,500 square foot Popeyes restaurant located at 775 E Pershing Rd, Decatur, IL 62526. The property sits on a 0.61-acre lot and boasts a brand new 20-year absolute triple-net (NNN) lease with a prominent franchisee, The Dhanani Group, operators of over 1,300 Popeyes locations. The lease features a 5.75% cap rate and a healthy 8% rent-to-sales ratio, with built-in rent bumps of 10% every five years, commencing at closing. The property underwent renovations in 2024 and enjoys 100% occupancy. The annual net operating income (NOI) is $120,000. This single-tenant property is strategically positioned in a high-traffic area with easy access and is surrounded by other retail businesses. The Decatur location benefits from a substantial population base of over 48,000 within a three-mile radius. The lease includes four 5-year renewal options, providing long-term stability and predictable cash flow. This is a rare opportunity to acquire a high-performing, low-risk investment in a strong market. The property is classified as QSR/Fast Food, Restaurant, and Storefront. The asking price is $2,086,957.

• CAP approach

  CAP return

  Valuation

  6%

  $10,450,395

  6.5%

  $9,646,518

  7%

  $8,957,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,220,314

  Geo Method

  $5,220,314

• Alternative Use

  Use

  Valuation

  Residential

  $8,137,199

  Hospitality

  $7,453,630

  Educational

  $6,201,333

  Medical

  $6,414,606

  Retail

  $9,646,518

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8765

Longitude

-88.9474

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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