528 W Lincoln Ave, Charleston, IL

Shopping Center for Sale - $4,705,000 - 80,244 Sq. Ft. on 6.44 acres


Agent Info

George Spirrison
Adelphia Properties

Property Info

CIMLS#1066687
Location
  528 W Lincoln Ave
  Charleston IL 61920
UpdatedJanuary 29th, 2020
TypeShopping Center
Price$4,705,000
Building80,244 Sq. Ft.
Land6.44 acres

Contact


Property Description

80,244 SF KROGER GROCERY ANCHORED VALUE-ADD CENTER

* Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces

* 15% Upside In Leasing Up Remaining Vacant Spaces

* National Credit Tenants

* Kroger Corporate Guarantee: Operating As Ruler Foods (Just Renewed 5 Years)

* Outstanding Frontage & High Visibility Site

* Multiple Easy Points Of Ingress & Egress

* Internet Resistant

* Located within Walking Distance from Eastern Illinois University

* Situated on Major Retail Corridor Surrounded By Numerous National & Regional Retailers

* Nearby I-57 & Coles County Memorial Airport

* Priced Well-Below Replacement Cost at $58.63 Price Per SF

* 9.0% Cap Rate