796 East Wood Street, Decatur, IL 62523

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--- Retail Space For lease: Negotiable

Marcus & Millichap is pleased to present this two-tenant, 15,000-square foot property located in Decatur, Illinois. The property contains two...  show more »

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796 East Wood Street is aretail property for lease in Decatur, IL. The property currently has 1 retail space for lease and is marketed by .

Marcus & Millichap is pleased to present this two-tenant, 15,000-square foot property located in Decatur, Illinois. The property contains two credit tenants with corporate guarantees and long-term historical occupancy, Sherwin Williams and DaVita Dialysis.
The subject property has a strong tenancy history. Sherwin Williams has been at this location since 1967 and DaVita Dialysis has been a tenant since 1999. DaVita Dialysis just signed a brand new 10-year lease with increases every five years and two five-year options and this month Sherwin Williams signed a new five year lease with one, five-year option.

This property is a rare 'HUB' store for Sherwin Williams, where they have a portion of the store dedicated to retail and a portion for warehousing parts for wholesale and distribution. 'HUB' stores are built in specific areas to act as both a retail store and distribution hub for surrounding stores.
The subject property is located in a retail dense area near the heart of downtown Decatur. Decatur is located in central Illinois, three hours south of Chicago. It offers superb demographics with a population of 83,000 in a five-mile radius and an average household income of $53,000.
This asset is a great opportunity for an investor looking for a stable asset with a great return. It boasts two credit tenants with corporate guarantees, rental increases, and strong historical occupancy.
Sherwin-Williams maintains a stable investment grade credit rating of "A" on the Standard & Poor’s. Sherwin Williams has reached agreement to acquire competitor Valspar for $9.3 billion. With 4,000 plus locations, Fortune 500 Company Sherwin-Williams is publicly traded on the NYSE under the symbol "SHW". Corporate sales have increased 11.3 percent to $11.34 billion in past 24 months.
On October 5, 2005, DaVita completed their acquisition of DVA Renal Healthcare, Incorporated from Gambro, Incorporated under a stock purchase agreement dated December 6, 2004, for $3.06 billion. DVA Renal Healthcare was one of the largest dialysis service providers in the United States, operating 566 outpatient dialysis centers serving approximately 43,000 patients and generating annual revenues of approximately $2 billion. The operating results of DVA Renal Healthcare are included in our consolidated financial statements from October 1, 2005. DVA Renal Healthcare, Incorporated is a subsidiary of DaVita (DVA).

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