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1995-2107 National Blvd.
Galesburg, IL 61401
Galesburg Crossing · Commerce de détail Propriété À vendre


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FAITS SAILLANTS DE L'INVESTISSEMENT
- 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
RÉSUMÉ DE L'ANNONCE
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
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Taille du bâtiment
75 651 pi²
Année de construction/rénovation
1988/2018
Prix
15 021 825 $ CAD
Prix par pi²
198,57 $ CAD
Taux de capitalisation
7,65%
Revenu net d’exploitation
1 149 798 $ CAD
Pourcentage loué
100%
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,18
Taille du lot
9,90 AC
Impôts fonciers
| Numéro de lot | 99-03-151-026 | Évaluation des bâtiments | 3 593 949 $ CAD |
| Évaluation du terrain | 566 054 $ CAD | Évaluation totale | 4 160 003 $ CAD |
Impôts fonciers
Numéro de lot
99-03-151-026
Évaluation du terrain
566 054 $ CAD
Évaluation des bâtiments
3 593 949 $ CAD
Évaluation totale
4 160 003 $ CAD
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