Log In/Sign Up
Your email has been sent.
1995-2107 National Blvd.
Galesburg, IL 61401
Galesburg Crossing · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- High Quality, Grocery Shadow-Anchored Retail Center
- Highly Visible, Easily Accessible Location
- Best-in-Class Tenant Mix
- Stabilized Multi-Tenant Retail Asset
- Favorable Lease Structures with Rental Escalations
- Potential Additional Value
EXECUTIVE SUMMARY
Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in the Galesburg Crossing asset, a +/- 75,651 SF multi-tenant retail center located in Galesburg, Illinois (“The Property”). The Property is a multi-tenant retail building that sits on a 9.9 acre lot, adjacent to a HyVee grocery store. The retail center is home to five retailers, three of which are publicly traded entities. Led by Marshalls (a wholly-owned subsidiary of TJX Companies: S&P Rating of A), the five-tenant roster is all signed up on a long-term basis, with the average weighted lease term of 3 years and 7 months remaining on The Property.
The Property is located in Galesburg, Illinois - the principal city of Knox county. The Property is situated 50 miles northwest of the city of Peoria, and sits along the commuting route between Chicago and Kansas City. The Property sits adjacent to the on/off ramp of the Chicago - Kansas City Expressway, a major thoroughfare that connects commuters with the central retail corridor of Galesburg.
The Property is connected to a HyVee Grocery store - a large midwestern chain that operates more than 280 locations and acts as a major economic driver to the areas in which it operates. Additionally, The Property is surrounded by major national retailers that drive traffic to the commerce center. National retailers such as Lowe's Home Improvement, Tractor Supply Co, Target, and Applebee's sit either next to or across the street from the Galesburg Crossing retail center.
In Association With:
Mark Hellwig
Illinois Broker
IL License #471018330
The Property is located in Galesburg, Illinois - the principal city of Knox county. The Property is situated 50 miles northwest of the city of Peoria, and sits along the commuting route between Chicago and Kansas City. The Property sits adjacent to the on/off ramp of the Chicago - Kansas City Expressway, a major thoroughfare that connects commuters with the central retail corridor of Galesburg.
The Property is connected to a HyVee Grocery store - a large midwestern chain that operates more than 280 locations and acts as a major economic driver to the areas in which it operates. Additionally, The Property is surrounded by major national retailers that drive traffic to the commerce center. National retailers such as Lowe's Home Improvement, Tractor Supply Co, Target, and Applebee's sit either next to or across the street from the Galesburg Crossing retail center.
In Association With:
Mark Hellwig
Illinois Broker
IL License #471018330
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
75,651 SF
Year Built/Renovated
1988/2018
Price
$15,145,732 CAD
Price Per SF
$200.21 CAD
Cap Rate
7.65%
NOI
$1,159,282 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.18
Lot Size
9.90 AC
PROPERTY TAXES
| Parcel Number | 99-03-151-026 | Improvements Assessment | $3,593,949 CAD |
| Land Assessment | $566,054 CAD | Total Assessment | $4,160,003 CAD |
PROPERTY TAXES
Parcel Number
99-03-151-026
Land Assessment
$566,054 CAD
Improvements Assessment
$3,593,949 CAD
Total Assessment
$4,160,003 CAD
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
