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Shopping Neighborhood

Germantown Crossing

507 Jubilee Lane, Germantown Hills, IL 61548

Listing Price: $1,253,500

Cap Rate
7.75%
Gross SF
11,033
Rentable SF
11,033
Price/Gross SF
$113.61
Lot Size
2.18 acres
Year Built
1996

Investment Overview

Marcus & Millichap is pleased to present Germantown Crossing shopping center in Germantown Hills, Illinois. The four-tenant center is next door to the local Ace Hardware and Dollar General. Germantown Hills is a bedroom community in the Peoria, IL metropolitan statistical area. The property's signature tenant is Anytime Fitness with a lease that expires in 2027. Recently, a tenant moved out and the Liquor Shoppe took over the space to open a video gaming parlor. These are very difficult licenses to get, and provide a very stable revenue stream. In addition, they are hard to relocate due to state statute. The owner of the center owns all of the parking spaces in front of the building and Dollar General has a cross easement agreement to use the spaces as well. Dollar General also reimburses expenses, electrical, and taxes for the parking lot.

Investment Highlights

  • Property is 100 Percent Leased
  • All Leases Are NNN
  • All Tenants are Internet Resistant

Exclusively Listed By

Financing By

Shopping Neighborhood

Germantown Crossing

Listing Price: $1,253,500

Cap Rate
7.75%
Gross SF
11,033
Rentable SF
11,033
Price/Gross SF
$113.61
Lot Size
2.18 acres
Year Built
1996

Investment Highlights

  • Property is 100 Percent Leased
  • All Leases Are NNN
  • All Tenants are Internet Resistant

Investment Overview

Marcus & Millichap is pleased to present Germantown Crossing shopping center in Germantown Hills, Illinois. The four-tenant center is next door to the local Ace Hardware and Dollar General. Germantown Hills is a bedroom community in the Peoria, IL metropolitan statistical area. The property's signature tenant is Anytime Fitness with a lease that expires in 2027. Recently, a tenant moved out and the Liquor Shoppe took over the space to open a video gaming parlor. These are very difficult licenses to get, and provide a very stable revenue stream. In addition, they are hard to relocate due to state statute. The owner of the center owns all of the parking spaces in front of the building and Dollar General has a cross easement agreement to use the spaces as well. Dollar General also reimburses expenses, electrical, and taxes for the parking lot.

Exclusively Listed By

Financing By

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