997 Galena Square Dr Galena, IL 61036

Listing agency Dubuque-Ruhl&Ruhl, Realtors a***@ruhlhomes.com Show Phone

Listed by Aaron Healey · License #IA S59555

Source Crexi

Added: Apr 11 Updated: Jul 22 at 10:42AM Checked: Jul 22 at 10:42AM

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Investment Insights

Based on property information with market context.

The Galena Shopping Center is fully leased and includes 10 tenants, anchored by The Piggly Wiggly grocery store. Piggly Wiggly has a corporate lease on 32,338 square feet of the center’s 48,428 square feet. The property also presents potential for outlot development. The offering is presented at a 7.2% cap rate, and additional financial information will be provided to prospective buyers upon execution of a Confidentiality Agreement.

The center is located at a full stop light on Highway 20 and is positioned to benefit from established retail visibility. The parking lot was re-paved in 2022.

Key Highlights

• Galena Shopping Center is fully leased with 10 tenants
• Anchored by Piggly Wiggly with a corporate lease on 32,338 SF of the 48,428 SF shopping center
• Offered at a 7.2% CAP rate

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FAQs

What type of property is this?

Shopping center - Fully leased shopping center anchored by Piggly Wiggly with 10 tenants.

Where is this shopping center located?

The property is located at 997 Galena Square Dr Galena, IL.

What are key features of this property?

This property features: Galena Shopping Center is fully leased with 10 tenants; Anchored by Piggly Wiggly with a corporate lease on 32,338 SF of the 48,428 SF shopping center; Offered at a 7.2% CAP rate