1301-1309 W Broadway Centralia, IL 62801
Retail property with national tenants in a dense retail corridor.
Source:
Legacycrea
Listing Agent: Robert Michil
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Investment Opportunity
This retail property, constructed in 2017, features a modern facade and a new roof with a 20-year warranty. It is located within the St. Louis MSA, ranked 21st in the U.S.A., in a dense retail corridor alongside retailers such as Walmart, Big Lots, AutoZone, ALDI, Schnucks, Ace Hardware, and McDonald's. The property benefits from high traffic counts, with 7,500 vehicles passing the site daily on W Broadway and over 13,000 vehicles on W McCord St. The location has strong demographics, with 3,900 residents within a 1-mile radius and over 15,600 within a 3-mile radius. The property is tenanted by Dollar Tree, a national grade tenant with a Standard & Poor's credit rating of "BBB-", and Goodwill. The NN lease structure involves minimal landlord responsibilities. Goodwill rent increases are scheduled for 9/1/2022, with the seller crediting the difference in rent at the close of escrow. The property is considered an essential retailer with internet, pandemic, and recession-proof tenancy, offering immediate upside opportunity.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Centralia
- County
- Marion
- State
- Illinois
- Longitude
- -89.158523
- Latitude
- 38.530471
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Retail property with national tenants in a dense retail corridor.
Where is this nnn property located?
The property is located at 1301-1309 W Broadway Centralia, IL.
What is the asking price?
The asking price for this property is $3,818,473.
What are key features of this property?
This property features: - National Grade Tenant: Dollar Tree (S&P: BBB-) provides stable income.; - Located in a dense retail corridor with retailers including Walmart, Big Lots, AutoZone, ALDI, Schnucks, Ace Hardware, McDonald's, & More.; - Essential Retailer: Internet, Pandemic, and Recession Proof Tenancy.
