3115-3131 Broadway St - Storefront FOR SALE
Quincy, IL 62301 |
$4,314,000 USD
650-678-7200
3115-3131 Broadway St
Quincy, IL 62301
HIGHLIGHTS
- 100% occupied retail strip center with long-term tenancies
- 75% of the tenants have operated at the site 15+ years showing long-term dedication to the subject property
- All leases feature a triple net structure with Landlord only responsible for roof & structure
- Non drive thru rents only $29/ft. average
- Subject property features significant frontage on Broadway Street – 26,778 VPD
- 51,709 residents and $76,804 average household incomes within a 5-mile radius of the subject property
OVERVIEW
A four-tenant retail strip center that serves as an outparcel to Quincy Town Center, a 1.5M SF shopping center that boasts 1.5M annual visitors per Placer.ai. Three of the four tenants are reputable national tenants (Starbucks, US Cellular, and H&R Block) that drive traffic to the center along with the national anchors which include Joann and ALDI.
FOR SALE DETAILS
PRICE
$4,314,000 USD
PRICE/SF
$499 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks Strip
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
41
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,848 SF
ZONING
-
APN/PARCEL ID
23-7-0662-000-00
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650-678-7200
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650-678-7200
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