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Shopping Strip

Shops at Seminary

506 Knox Square Dr, Galesburg, IL 61401

Listing Price: $4,300,000

Cap Rate
7.38%
Gross SF
17,170
Rentable SF
17,170
Price/Gross SF
$250.44
Lot Size
2.90 acres
Year Built
2017

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100 percent fee simple interest in the Shops at Seminary (“The Property”), a 17,170-square-foot Walmart shadow-anchored retail shopping center located in Galesburg, Illinois.

Investment Highlights

  • Shadow-Anchored by a High-Performing Walmart Supercenter
  • 100 Percent Leased with Original Tenancy Since Delivery
  • Embedded Rent Growth Through Contractual Increases and Options

Exclusively Listed By

  • Austin Pellegrino

    Associate Investments

    (314) 889-2570

    Email Austin

    License(s): MO: 2024042435

    St. Louis

  • Alex Perez

    Managing Director Investments

    (314) 889-2525

    Email Alex

    License(s): NE: 20230231, IL: 475199830, AL: 000164341 - 0, MO: 2000163389

    St. Louis

  • Chris Garavaglia

    Managing Director Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

Broker of Record

  • Steven Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Shopping Strip

Shops at Seminary

Listing Price: $4,300,000

Cap Rate
7.38%
Gross SF
17,170
Rentable SF
17,170
Price/Gross SF
$250.44
Lot Size
2.90 acres
Year Built
2017

Investment Highlights

  • Shadow-Anchored by a High-Performing Walmart Supercenter
  • 100 Percent Leased with Original Tenancy Since Delivery
  • Embedded Rent Growth Through Contractual Increases and Options

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100 percent fee simple interest in the Shops at Seminary (“The Property”), a 17,170-square-foot Walmart shadow-anchored retail shopping center located in Galesburg, Illinois.

Exclusively Listed By

  • Austin Pellegrino

    Associate Investments

    (314) 889-2570

    Email Austin

    License(s): MO: 2024042435

    St. Louis

  • Alex Perez

    Managing Director Investments

    (314) 889-2525

    Email Alex

    License(s): NE: 20230231, IL: 475199830, AL: 000164341 - 0, MO: 2000163389

    St. Louis

  • Chris Garavaglia

    Managing Director Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

Broker of Record

  • Steven Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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