2406 Williamson County Pky - Storefront FOR SALE


Marion, IL 62959
$4,469,794 USD
972-755-5225
2406 Williamson County Pky, Marion, IL for Sale
$4,469,794 USD
Storefront - FOR SALE
1/13
null | 8.25% Cap Rate

2406 Williamson County Pky
Marion, IL 62959


HIGHLIGHTS

  • 24,500-Square-Foot, Multi-Tenant Retail Center
  • Fully Stabilized Asset | 100% Occupied | 100% of the Leases Are Triple-Net
  • Strong Tenant Base Anchored by Dollar Tree

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a 24,500-square-foot, Walmart shadow-anchored, multi-tenant retail center located in Marion, Illinois. Marion Shopping Center is currently 100 percent occupied, and 100 percent of the leases are triple-net. Tenants consist of Belton Hearing Center, Sport Clips, Vape & Smoke Shop, GNC, Baan Thai Restaurant, Sally Beauty Supply, Maurice's, Dollar Tree, and La Galeria Mexican Cuisine and Creamery. The building was constructed in 2007 and is situated on a 2.45-acre parcel with ample paved parking. Marion Shopping Center is located in a dense retail trade area on Williamson County Parkway in the northwestern quadrant of Interstate 57 and Illinois Route 13 (West Deyoung Street). The center sits adjacent to a top-ranking Walmart Supercenter store, ranking in the 93rd percentile in both the state of Illinois and nationally, based on annual visitors to all Walmart Supercenters (source: Placer Labs Inc.). Numerous other national and regional retailers neighbor the property, including The Home Depot, Target, Dillard’s, Red Lobster, Texas Roadhouse, Cricket Wireless, Super Cuts, Hibbett Sports, GameStop, Sam’s Club, Starbucks, Sonic Drive-In, AT&T, Applebee’s, and many others. The subject property is also in close proximity to many national hotel chains such as Comfort Inn & Suites, Hampton Inn, Drury Inn, Fairfield Inn & Suites by Marriot, and Holiday Inn Express & Suites, providing additional traffic to the area. The average household income is $68,097 within three miles; $72,649 within five miles; and $78,811 within 10 miles.

FOR SALE DETAILS

PRICE

$4,469,794 USD

PRICE/SF

$182 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marion Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

139

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

Commercial

APN/PARCEL ID

06-10-476-003

ASK ABOUT THIS PROPERTY

Philip LevyMarcus & MillichapMore Info
972-755-5225

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Philip LevyMarcus & MillichapMore Info
972-755-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.