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Shopping Strip

Mount Vernon Shops

3909 Broadway St, Mount Vernon, IL 62864

Listing Price: $2,807,000

Cap Rate
7.55%
Gross SF
9,551
Rentable SF
9,551
Price/Gross SF
$293.90
Lot Size
1.20 acres
Year Built
2015

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 9,551-square foot, multi-tenant retail center in Mount Vernon, Illinois. Mount Vernon Shops has a complementary mix of tenants, and 100 percent of the gross leaseable area has national credit tenants including Moe's Southwest Grill, Kay Jewelers, and AT&T. The center is 100 percent occupied, and all leases are triple-net leases with multiple options for renewal. Mount Vernon Shops is newer 2015 construction with an attractive façade, situated on a 1.2-acre lot. Mount Vernon Shops is located on Broadway Street at the signalized hard corner of Broadway Street and Crown View. The property is less than one mile from Interstate 64, Mount Vernon's major thoroughfare. Cumulative traffic counts in front of the property exceed 35,400 vehicles per day. Mount Vernon Shops is an outparcel to Times Square Mall, a regional shopping mall anchored by Ross, Hobby Lobby, and Big Lots. The property is located in a prime retail corridor and near many national retailers including AutoZone, Walgreens, O'Reilly Auto Parts, People's National Bank, Pizza Hut, Kentucky Fried Chicken, Kroger, CATO, Wendy's, Domino's Pizza, Walmart, Dollar Tree, Lowe's Home Improvement, Kohl's, and many more. Mount Vernon Shops is located less than a half-mile from Crossroads Community Hospital, a 47-bed facility offering inpatient and outpatient care, diagnostic imaging, surgical care, emergency care, and more.

Investment Highlights

  • 9,551-Square Foot, Three-Tenant Retail Center
  • 100% Occupied | 100% National Tenants | 100% Triple-Net Leases
  • Kay Jewelers and AT&T have Corporate-Guaranteed Leases| Moe's Southwest Grill has a Strong Franchise Guaranty
  • Outparcel to Times Square Mall, a Regional Mall Anchored by Ross, Hobby Lobby, and Big Lots
  • Well Positioned with Two Signalized Locations at the Entrance of Times Square Mall, at the Hard Corner of Broadway Street and South 42nd Street

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: $2,807,000

Cap Rate
7.55%
Gross SF
9,551
Rentable SF
9,551
Price/Gross SF
$293.90
Lot Size
1.20 acres
Year Built
2015

Investment Highlights

  • 9,551-Square Foot, Three-Tenant Retail Center
  • 100% Occupied | 100% National Tenants | 100% Triple-Net Leases
  • Kay Jewelers and AT&T have Corporate-Guaranteed Leases| Moe's Southwest Grill has a Strong Franchise Guaranty
  • Outparcel to Times Square Mall, a Regional Mall Anchored by Ross, Hobby Lobby, and Big Lots
  • Well Positioned with Two Signalized Locations at the Entrance of Times Square Mall, at the Hard Corner of Broadway Street and South 42nd Street

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a stabilized 9,551-square foot, multi-tenant retail center in Mount Vernon, Illinois. Mount Vernon Shops has a complementary mix of tenants, and 100 percent of the gross leaseable area has national credit tenants including Moe's Southwest Grill, Kay Jewelers, and AT&T. The center is 100 percent occupied, and all leases are triple-net leases with multiple options for renewal. Mount Vernon Shops is newer 2015 construction with an attractive façade, situated on a 1.2-acre lot. Mount Vernon Shops is located on Broadway Street at the signalized hard corner of Broadway Street and Crown View. The property is less than one mile from Interstate 64, Mount Vernon's major thoroughfare. Cumulative traffic counts in front of the property exceed 35,400 vehicles per day. Mount Vernon Shops is an outparcel to Times Square Mall, a regional shopping mall anchored by Ross, Hobby Lobby, and Big Lots. The property is located in a prime retail corridor and near many national retailers including AutoZone, Walgreens, O'Reilly Auto Parts, People's National Bank, Pizza Hut, Kentucky Fried Chicken, Kroger, CATO, Wendy's, Domino's Pizza, Walmart, Dollar Tree, Lowe's Home Improvement, Kohl's, and many more. Mount Vernon Shops is located less than a half-mile from Crossroads Community Hospital, a 47-bed facility offering inpatient and outpatient care, diagnostic imaging, surgical care, emergency care, and more.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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