1837 Homer M Adams Pky
Alton, IL 62002
Oakwood Plaza · Commerce de détail Propriété À vendre

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Oakwood Plaza (“The Property”), a 45,400 square-foot Class “A” retail shopping center located in Alton, IL (St. Louis, MO MSA).
The multi-tenant retail center features a premier service and fast casual oriented tenant lineup including Panera, Spectrum, Athletico, Dollar Tree, Edward Jones, Great Clips, among others. Oakwood Plaza ranks in the top 25% of all strip centers nationwide with many of the tenants being recognized as top performers in the state of Illinois, per Placer.ai. The investment also provides 100% of tenants under triple net leases providing stable predictable cash flows.
Built in 2005, the Property features a modern façade and has attracted a curated tenant base that features numerous recent renewals including Dollar Tree, Spectrum, Cato, China King, and QQ Nails bringing the WALT to more than 3.5 years. The rent roll consists of more than 92% national tenants providing strong credit across the board.
Strategically located at the hard corner, signalized intersection of Homer Adam Pkwy and Golf Rd along State Route 3, the center features direct frontage and convenient access along the submarket’s main retail corridor with immediate visibility to more than 22,500 VPD. In addition, the Property is surrounded by major national retailers Target, Home Depot, Lowe’s, and Kohl’s. It is directly adjacent to a brand-new Marshalls, Five Below, ULTA, Goodwill, Bath & Body, and Starbucks development and immediately across the street from four national chain hotels including a brand-new Holiday Inn Express & Suites.
The Property is offered free and clear of debt.