Water Street Plaza

• Stable Two-Tenant Income Stream: The property is 100% occupied by two established tenants, with one operating under a Triple Net (NNN) lease and the other under a Modified Gross lease, providing a balanced income profile with limited landlord responsibilities.
• Strong Credit Tenancy: Anchored by CSL Plasma and the Illinois Department of Human Services, the property benefits from a combination of a nationally recognized healthcare tenant and a government-backed agency, providing durable and reliable cash flow.
• Significant Mark-to-Market Opportunity: CSL Plasma is currently paying just $5.00/SF, well below prevailing market rental rates, providing substantial upside through future rental growth and value appreciation.
• Abundant Parking & Additional Land Included: The property features approximately 70 parking spaces, with the sale including an adjacent ±0.39-acre parcel, providing excess parking capacity and future flexibility.
• Diversified Billboard Revenue: Two on-site billboards generate additional passive income, enhancing overall cash flow through a diversified revenue stream.
• Strategic Retail Location: Positioned just north of Downtown Decatur along N. Water Street (±12,400 VPD), the property offers excellent connectivity to the city’s dominant retail trade area, home to Kroger, Aldi, 7 Brew, Culver’s, Wendy’s, Bob Evans, McDonald’s, and numerous additional national retailers.