1112 E Eldorado St
Decatur, IL 62521
Advance Auto · Retail Property For Sale

The subject property is an Advance Auto Parts store situated at the corner of a signalized intersection in Decatur, IL. The store has a nearly 15-year operating history at its current location. Situated northeast of downtown Decatur, it has excellent frontage on East El Dorado Road/US 36, which serves as a major retail corridor with a reported 20,000 daily car count. There are a little over 10 years remaining on the corporate guaranteed lease with a 7.00% rent increase at each of the three remaining five-year option periods. The original 15-year lease began in 2005. In September 2019, the lease was extended another nine years and three months from the original expiration date, with a new expiration date of 12/31/2029. Advance Auto Parts (NYSE: AAP), has more than 5,000 other locations across the US. Constructed in 2005, the +/- 7,000 square foot auto parts store is situated on +/-0.88 acres of land with abundant on-site parking. The property is surrounded by other national auto retailers, including Speed Lube and Auto Care, Neal Tire and Auto Service, AutoZone, and O’Reilly Auto Parts, all located along East El Dorado Road. Other national retailers on East El Dorado Road/US 36 include: Burger King, Dollar General, First Mid Bank and Trust, Subway, McDonald’s and more. Decatur has a reported city population of over 72,000, with an Average Household Income of $52,664 within a three-mile radius of the subject property.