Fully-Leased Strip
610 N 89th St East St Louis, IL 62203
610 N 89th St, East St Louis, IL, 62203
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For Sale
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Pending
Fully leased strip center anchored by a Family Dollar location with long-term occupancy and corporate lease guarantee.
Property Size10,300 SF
Days on Market102
Property Features for 610 N 89th St
General Information
- Standard status
- Pending
- Size
- 10,300 SF
- Property subtype
- Retail
Listing agency
Matthews
(214) 692-2191
Listed by
Lee Cordova · License #714883
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 7:06PM Checked: Jul 21 at 7:06PM
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 Matthews
Investment Insights
Based on property information with market context.
The subject property is a 10,300 SF fully-leased strip center. The center is anchored by Family Dollar, owned and operated by Dollar Tree, Inc. (NASDAQ: DLTR), with a corporate guarantee lease. The tenant is described as an investment-grade credit (BBB) and has occupied the location for more than 25 years. Family Dollar has three, five-year options with 4% rent increases, and is currently in the process of obtaining a beer and wine license.
The property is positioned at a major intersection connecting East St. Louis and Belleville. The public remarks note that the Illinois State Police approved a $55 million plan to move its District 11 headquarters to East St. Louis.
All Things Sudz has signed a lease set to commence in January, with 10% annual rent increases. The remarks also identify All Things Sudz as the only laundromat tenant within a 4.5-mile radius.
The property is positioned at a major intersection connecting East St. Louis and Belleville. The public remarks note that the Illinois State Police approved a $55 million plan to move its District 11 headquarters to East St. Louis.
All Things Sudz has signed a lease set to commence in January, with 10% annual rent increases. The remarks also identify All Things Sudz as the only laundromat tenant within a 4.5-mile radius.
Key Highlights
- 10,300 SF fully‑leased strip center in Belleville, IL
- Anchored by a Family Dollar location with corporate lease guarantee from Dollar Tree, Inc. (NASDAQ: DLTR)
- Family Dollar is an investment grade tenant (BBB) and has occupied the location for over 25 years
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Fully leased strip center anchored by a Family Dollar location with long-term occupancy and corporate lease guarantee.
Where is this shopping center located?
The property is located at 610 N 89th St East St Louis, IL.
What are key features of this property?
This property features: 10,300 SF fully‑leased strip center in Belleville, IL; Anchored by a Family Dollar location with corporate lease guarantee from Dollar Tree, Inc. (NASDAQ: DLTR); Family Dollar is an investment grade tenant (BBB) and has occupied the location for over 25 years
