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Shopping Neighborhood

Camp Jackson Center

1615 Camp Jackson Rd, Cahokia, IL 62206

Listing Price: $7,560,000

Cap Rate
8.00%
Gross SF
108,979
Rentable SF
108,979
Price/Gross SF
$69.37
Lot Size
13.69 acres
Year Built
1964

Investment Overview

Marcus & Millichap is pleased to present for sale, Camp Jackson Center in Cahokia, Illinois. The subject property is a 100 percent occupied that is shadow-anchored by Walmart and immediately adjacent to the center. There are substantial traffic counts of 18,800 cars per day on Route 157. Camp Jackson Center is being offered for $7,560,000

Investment Highlights

  • 100 Percent Occupied, 108,979-Square-Foot Grocery- Anchored Community Shopping Center in St. Louis, Missouri
  • Anchored by Schnucks (39 Percent of Gross Leasable Area)– Top Grocer in the St. Louis MSA – In Business Since 1939 with 120 Locations in Five States
  • Schnucks Leases a Freestanding Building on Triple-Net Terms; Over Six Years of Anchor Lease Term Remaining
  • Schnucks Just Early-Exercised First Option thru July 2027 with a 10 Percent Rent Increase Starting August 2022
  • Shadow-Anchored by Walmart – Immediately Adjacent to Center
  • Offering Includes Freestanding Absolute Triple-Net Ground Leases with AutoZone (Expires 11/2025) and BP Gas Station (Expires 4/2024) – Ability to Spin Off and Reduce Basis if Desired
  • Mostly Triple-Net Leases – 85.9 Percent Recovery of Tax, Common Area Maintenance, Insurance, and Management Expenses
  • Junior Anchors Dollar General (Expires 3/2025) and American Freight (Expires 3/2023) Comprise 35.4 Percent of Gross Leasable Area on Triple-Net Leases

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

Shopping Neighborhood

Camp Jackson Center

Listing Price: $7,560,000

Cap Rate
8.00%
Gross SF
108,979
Rentable SF
108,979
Price/Gross SF
$69.37
Lot Size
13.69 acres
Year Built
1964

Investment Highlights

  • 100 Percent Occupied, 108,979-Square-Foot Grocery- Anchored Community Shopping Center in St. Louis, Missouri
  • Anchored by Schnucks (39 Percent of Gross Leasable Area)– Top Grocer in the St. Louis MSA – In Business Since 1939 with 120 Locations in Five States
  • Schnucks Leases a Freestanding Building on Triple-Net Terms; Over Six Years of Anchor Lease Term Remaining
  • Schnucks Just Early-Exercised First Option thru July 2027 with a 10 Percent Rent Increase Starting August 2022
  • Shadow-Anchored by Walmart – Immediately Adjacent to Center
  • Offering Includes Freestanding Absolute Triple-Net Ground Leases with AutoZone (Expires 11/2025) and BP Gas Station (Expires 4/2024) – Ability to Spin Off and Reduce Basis if Desired
  • Mostly Triple-Net Leases – 85.9 Percent Recovery of Tax, Common Area Maintenance, Insurance, and Management Expenses
  • Junior Anchors Dollar General (Expires 3/2025) and American Freight (Expires 3/2023) Comprise 35.4 Percent of Gross Leasable Area on Triple-Net Leases

Investment Overview

Marcus & Millichap is pleased to present for sale, Camp Jackson Center in Cahokia, Illinois. The subject property is a 100 percent occupied that is shadow-anchored by Walmart and immediately adjacent to the center. There are substantial traffic counts of 18,800 cars per day on Route 157. Camp Jackson Center is being offered for $7,560,000

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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