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Fairview Center 6601-6621 N Illinois St 85,603 SF 100% Leased Retail Building Fairview Heights, IL 62208 $27,823,132 CAD ($325.03 CAD/SF) 8% Cap Rate

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Investment Highlights

STABLE INCOME STREAM | 7.60 YEAR WALT
RECENT LEASING ACTIVITY AND STRONG TENANT RETENTION
RECENT RENOVATIONS AND CAPITAL PROJECTS | MINIMAL FUTURE CAPITAL EXPENDITURES

PREMIER MARKET LOCATION | EXCELLENT ACCESS & VISIBILITY
PROMINENT RETAIL MARKET
BELOW MARKET OUTLOT TENANTS | VALUE ADD OPPORTUNITY

Executive Summary

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Fairview Center. The offering represents a rare opportunity to acquire a 100% leased regional center fully occupied by six national tenants. Strategically located in the heart of the most dominant regional trade area serving the eastern St. Louis suburbs, the property features a WALT of over 7 years.

Fairview Center - Flyer

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Department Store

Building Size

85,603 SF

Building Class

Year Built/Renovated

1970/2025

Price

$27,823,132 CAD

Price Per SF

$325.03 CAD

Cap Rate

NOI

$2,225,304 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Loading Docks

2 Exterior

Building FAR

0.33

Lot Size

5.96 AC

Zoning

Commercial - Commercial

Parking

381 Spaces (4.45 Spaces per 1,000 SF Leased)

Frontage

408’ on N Illinois St

Dedicated Turn Lane

Pylon Sign

Signage

Signalized Intersection

Retailer
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Lorem Ipsum
Jan 0000

Ulta Beauty is a U.S.-based beauty retailer headquartered in Bolingbrook, Illinois. Founded in 1990, the company was created by Terry Hanson and Dick George with the goal of offering a wide range of beauty products across both prestige and mass categories. Ulta Beauty has expanded nationally and now operates stores featuring cosmetics, fragrance, skincare, and haircare, along with in-store salons providing hair, skin, and brow services. As a publicly traded company, Ulta oversees merchandising, store operations, marketing, e-commerce, and supply chain strategy from its Illinois headquarters. The organization continues to grow through retail expansion, partnerships, and private-label development.