Neighborhood Retail Center
3551 Nameoki Rd Granite City, IL 62040
3551 Nameoki Rd, Granite City, IL, 62040
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For Sale
Contact for pricing
Pending
Value-add neighborhood retail center built in 2005 with 70.4% occupancy and multiple in-line and outparcel tenants.
Property Size155,422 SF
Lot Size16.45 Acres
Days on Market103
Property Features for 3551 Nameoki Rd
General Information
- Standard status
- Pending
- Size
- 155,422 SF
- Lot size
- 16.45 Acres
- Property subtype
- Retail
Listing agency
CBRE - Saint Louis
Listed by
Chase Young · License #MO 2007-033328
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 6:19PM Checked: Jul 22 at 11:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Saint Louis
Investment Insights
Based on property information with market context.
Nameoki Commons is a 155,422-square-foot neighborhood retail center built in 2005 and situated on 16.45 acres in Granite City, IL. The offering is currently 70.4% occupied and includes vacant space that an investor may be able to lease up, while maintaining income supported by a tenant base that includes in-line tenants and outparcels leased to national retailers.
The center is positioned along Nameoki Rd, identified in the materials as the primary thoroughfare carrying 29,000+ vehicles per day. Access is described as having four points of entry, including one fully signalized intersection, supporting visibility and convenient ingress/egress.
The property includes two absolute net leases to national operators and two smaller-format strip centers leased to national retailers, with additional outparcel opportunities referenced in the offering materials. The weighted average lease term is provided as 6.14 years by GLA and 5 years by revenue.
The center is positioned along Nameoki Rd, identified in the materials as the primary thoroughfare carrying 29,000+ vehicles per day. Access is described as having four points of entry, including one fully signalized intersection, supporting visibility and convenient ingress/egress.
The property includes two absolute net leases to national operators and two smaller-format strip centers leased to national retailers, with additional outparcel opportunities referenced in the offering materials. The weighted average lease term is provided as 6.14 years by GLA and 5 years by revenue.
Key Highlights
- 155,422 SF neighborhood retail center built in 2005 on 16.45 acres in Granite City, IL (St. Louis, MO MSA).
- 70.4% occupied with lease‑up potential of 44,456 SF of vacant space (includes 28,868 SF excluding 15,588 SF dark anchor space).
- Investment upside projected: leasing up 28,868 SF could increase total revenue by $506,000, a 30% increase over current Year‑1 revenue.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Kroger - Jay C Food Store, 3801 Nameoki Rd Ste 22, Granite City, IL 62040
- IdentoGo (TSAPre) — 3403 nameoki rd, granite city, il 62040
- Laser Spa — 3701 Nameoki Rd, Granite City, IL 62040
- Nameoki Shopping Center LP — 3405 Nameoki Rd, Granite City, IL 62040
FAQs
What type of property is this?
Shopping center - Value-add neighborhood retail center built in 2005 with 70.4% occupancy and multiple in-line and outparcel tenants.
Where is this shopping center located?
The property is located at 3551 Nameoki Rd Granite City, IL.
What are key features of this property?
This property features: 155,422 SF neighborhood retail center built in 2005 on 16.45 acres in Granite City, IL (St. Louis, MO MSA).; 70.4% occupied with lease‑up potential of 44,456 SF of vacant space (includes 28,868 SF excluding 15,588 SF dark anchor space).; Investment upside projected: leasing up 28,868 SF could increase total revenue by $506,000, a 30% increase over current Year‑1 revenue.
