Property summary
This 24,500 square foot shopping center in Marion, IL, offers a compelling investment opportunity. Built in 2007 and situated on 2.45 acres, the property boasts 100% occupancy with eight tenants, including a Dollar Tree anchor. All leases are triple-net (NNN), providing a stable income stream. The center benefits from a prime location on Williamson County Parkway, shadow-anchored by a top-performing Walmart Supercenter, and surrounded by numerous national retailers. The property's strong tenant base, high occupancy rate, and desirable location contribute to a robust NOI of $368,758 and an 8.25% cap rate. Average household incomes within a 10-mile radius exceed $78,000, indicating a strong consumer base. The asking price is $4,469,794, representing $182.44 per square foot. This fully stabilized asset presents a rare opportunity for investors seeking a secure and profitable retail investment in a thriving Southern Illinois market. The property is part of a larger retail trade area, serving as a key commercial hub in the region. The center's proximity to major roadways and numerous hotels further enhances its visibility and accessibility. This is a turn-key investment with a proven track record of success. 76% of the gross leasable area is occupied by national retailers, providing stability and reducing tenant turnover risk. The property's location within the Marion-Herrin Micropolitan Area and the Carbondale-Marion-Herrin Combined Statistical Area ensures access to a large and diverse customer base.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Hearing Aid Store Deaf Service
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Hair Salon
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(Bike/Boat/Book/etc) Store Alternative Medicine Practice
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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