2406 Williamson County Pkwy Marion, IL 62959-5271

Property Details for 2406 Williamson County Pkwy

Property type

Commercial real estate

APN

06-10-476-002

APU

610476002

Description

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.