Catylist ID: #30364424
Investment - Walmart Anchored Retail Strip
Shopping Center for Sale
|Catylist Listing ID:||30364424|
|Property Subtypes:||Community Center, Neighborhood Center, Strip Center|
|Building Size (RSF):||17,691 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||1.79 Acres|
|Unit Price:||$177.94 PSF|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
This exclusive sale of a well-maintained 17,691 SF Retail Strip Center located in
front of Walmart with excellent visibility along Route 34.
This center is part of a regional shopping center that services the City of Plano (pop. 10,856) & the City of Sandwich (pop. 7,421). This is a regional draw for other rural towns and the surrounding population, including Yorkville (pop. 19,388).
This is being sold by the original developer who has maintained the property at the highest level. The center is all block and brick with large plaza-like front sidewalks.
Tenants are a mixture of national and local credit: Gamestop, Title Max, Great Clips, Verizon, Snap Fitness, Lee Nails, Patrona Grille and Shelby's.
There are 74 Parking spaces for the center and cross access with the other outlots and the Walmart.
The Investment is being offered at an 8.12% Cap Rate on actual NOI with 2 built out vacancies that turn this into a safe value-add play providing for a 9.5% Proforma Cap Rate.
One vacancy is a built out sandwich shop and the other is a turn-key vanilla box with flooring.
Attachments & Media
|Proximity:||1 mile||3 miles||5 miles|
Steve Caton, CCIMCaton Commercial Real Estate Group ICEx Member
|© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northern Illinois Commercial Association of Realtors (NICAR) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|