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Anna Crossing 1000 Leigh Ave 10,150 SF 88% Leased Retail Building Anna, IL 62906 $1,557,435 CAD ($153.44 CAD/SF) 8% Cap Rate
Investment Highlights
- VALUE-ADD | 10,150 SQUARE FOOT | 87% OCCUPIED
- TRUE VALUE-ADD UPSIDE
- SERVICE-BASED, E-COMMERCE RESISTANT TENANT MIX WITH MEDICAL ANCHOR
- WALMART SHADOW ANCHORED
- PRIME RETAIL LOCATION WITH LIMITED COMPETITION
Executive Summary
Built in 2003 on a 1.7-acre site, the Property is 87% occupied and home to a complimentary mix of local and regional tenants including Southern Illinois Healthcare, S.I. Tan Co, Anna Tobacco, and Lucky Lady.
The Property is perfectly positioned directly in front of the Walmart Supercenter, (the only Walmart within a 20-mile radius) creating convenient cross-shopping synergies and a continual stream of customers through the parking lot. In addition, Anna Crossing benefits from a dense retail trade area along Highway 51 (Vienna Street), the primary north-south commercial corridor in Anna. The property sits within a proven retail node that includes Kroger, Walgreens, Burger King, KFC, Taco Bell, Pizza Hut, Verizon Wireless,
and a Chevrolet/Buick dealership, driving consistent daily traffic to the center.
Anna is the county seat of Union County in Southern Illinois, situated approximately 130 miles southeast of St. Louis and 26 miles northeast of Cape Girardeau. The property falls within the Paducah-Cape Girardeau-Harrisburg CBSA. The region’s largest employers include Choate Health & Development Center, Walmart, and Union County Hospital, providing a stable and diverse employment base that anchors local retail demand. Within ten miles of the subject property, there are approximately 16,000 residents with an average household income of $75,000.
Anna Crossing offers investors a secure and stable asset with a significant value-add opportunity through lease-up of the last remaining vacancy which totals 1,300 square feet. Once the Property is fully stabilized, the cap rate will be 10%+ with a 15.9% cash on cash return, providing a clear value creation strategy.
The Property is being offered free and clear of debt for an 8% cap rate totaling $1,105,748
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Unit C at 1000 Leigh Ave offers a functional and flexible layout within Anna's established Wal-Mart retail corridor. The space features a predominantly open floor plan that can accommodate a variety of retail, service, office, or professional users seeking visibility and convenient customer access. Interior improvements include a private restroom and a utility room that can also serve as an office, providing operational flexibility for day-to-day business needs. Positioned along Illinois Highway 146, the property benefits from exposure within one of Anna's most active commercial areas. Nearby businesses include a convenience store and Edward Jones, creating consistent commercial activity and reinforcing the property's presence within a recognized retail destination. The location offers straightforward access for customers and employees throughout Anna and the surrounding Southern Illinois market. The combination of an adaptable interior configuration, established neighboring businesses, and placement within a well-known retail node creates an attractive opportunity for businesses seeking a practical and accessible location. Whether utilized for retail sales, professional services, personal services, or specialty commercial uses, Unit C provides a layout that can be tailored to a wide range of operational requirements.
| Space | Size | Space Use | Position | Available |
| C | 1,260 SF | Retail | - | Now |
C
| Size |
| 1,260 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
C
| Size | 1,260 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Unit C at 1000 Leigh Ave offers a functional and flexible layout within Anna's established Wal-Mart retail corridor. The space features a predominantly open floor plan that can accommodate a variety of retail, service, office, or professional users seeking visibility and convenient customer access. Interior improvements include a private restroom and a utility room that can also serve as an office, providing operational flexibility for day-to-day business needs. Positioned along Illinois Highway 146, the property benefits from exposure within one of Anna's most active commercial areas. Nearby businesses include a convenience store and Edward Jones, creating consistent commercial activity and reinforcing the property's presence within a recognized retail destination. The location offers straightforward access for customers and employees throughout Anna and the surrounding Southern Illinois market. The combination of an adaptable interior configuration, established neighboring businesses, and placement within a well-known retail node creates an attractive opportunity for businesses seeking a practical and accessible location. Whether utilized for retail sales, professional services, personal services, or specialty commercial uses, Unit C provides a layout that can be tailored to a wide range of operational requirements.
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00-11-958-A | Improvements Assessment | $461,802 CAD |
| Land Assessment | $69,847 CAD | Total Assessment | $531,649 CAD |
Property Taxes
Presented by
Anna Crossing | 1000 Leigh Ave
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