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Shopping Strip

Salem Shopping Center

103 Baldridge Ln, Salem, IL 62881

Listing Price: $4,930,760

Cap Rate
7.50%
Gross SF
27,500
Rentable SF
27,500
Price/Gross SF
$179.30
Lot Size
3.33 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 27,500-square-foot, multi-tenant retail center located in Salem, Illinois. Salem Shopping Center is currently 100 percent occupied, and 100 percent of the gross leasable area has triple-net leases. Anchored by Dollar Tree, tenants consist of Dab City Tobacco & Vape, AT&T Wireless, El Rancherito Mexican Cuisine, Shoe Sensation, CATO, Internet Gaming Cafe, Zen Nails & Spa, and World Finance Corporation. Additional income is provided by an ATM lease with Marion County Savings Bank. Salem Shopping Center was constructed in 2007 and is situated on a 3.33-acre parcel.

Shadow-anchored by Walmart Supercenter, Salem Shopping Center is located on Baldridge Lane, off Highway 50 (West Main Street) near the intersection with Interstate 57. Traffic counts in front of the property exceed 15,645 vehicles per day. Neighboring national and regional retailers including KFC, Arby’s, Applebee’s Grill + Bar, Denny’s, Wendy’s, McDonalds’s, Taco Bell, Domino’s Pizza, Dollar General, CVS, Verizon Wireless, and others.

Investment Highlights

  • 27,500-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • 100% Occupied | 100% of the Gross Leasable Area has Triple-Net Leases
  • Anchored by Dollar Tree | Complementary Tenant Mix of National and Local Retailers that are Largely Internet Resistant
  • Located off Highway 50 (West Main Street) near the Intersection with Interstate 57 | Traffic Counts Exceed 15,645 Vehicles Per Day
  • The City of Salem is Approximately 90 Minutes East of St. Louis, Missouri

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Shopping Strip

Salem Shopping Center

Listing Price: $4,930,760

Cap Rate
7.50%
Gross SF
27,500
Rentable SF
27,500
Price/Gross SF
$179.30
Lot Size
3.33 acres
Year Built
2007

Investment Highlights

  • 27,500-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • 100% Occupied | 100% of the Gross Leasable Area has Triple-Net Leases
  • Anchored by Dollar Tree | Complementary Tenant Mix of National and Local Retailers that are Largely Internet Resistant
  • Located off Highway 50 (West Main Street) near the Intersection with Interstate 57 | Traffic Counts Exceed 15,645 Vehicles Per Day
  • The City of Salem is Approximately 90 Minutes East of St. Louis, Missouri

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 27,500-square-foot, multi-tenant retail center located in Salem, Illinois. Salem Shopping Center is currently 100 percent occupied, and 100 percent of the gross leasable area has triple-net leases. Anchored by Dollar Tree, tenants consist of Dab City Tobacco & Vape, AT&T Wireless, El Rancherito Mexican Cuisine, Shoe Sensation, CATO, Internet Gaming Cafe, Zen Nails & Spa, and World Finance Corporation. Additional income is provided by an ATM lease with Marion County Savings Bank. Salem Shopping Center was constructed in 2007 and is situated on a 3.33-acre parcel. Shadow-anchored by Walmart Supercenter, Salem Shopping Center is located on Baldridge Lane, off Highway 50 (West Main Street) near the intersection with Interstate 57. Traffic counts in front of the property exceed 15,645 vehicles per day. Neighboring national and regional retailers including KFC, Arby’s, Applebee’s Grill + Bar, Denny’s, Wendy’s, McDonalds’s, Taco Bell, Domino’s Pizza, Dollar General, CVS, Verizon Wireless, and others.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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