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Shopping Neighborhood

WASHINGTON PLAZA

2273 Washington Rd, Washington, IL 61571

Listing Price: $5,290,000

Cap Rate
8.16%
Gross SF
98,545
Rentable SF
98,545
Price/Gross SF
$53.68
Lot Size
12.59 acres
Year Built
1970

Investment Overview

OVER 49,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $83,611 LOCATED OFF ROUTE 8 EXPANSION ONLY SIX MILES FROM DOWNTOWN PEORIA

Investment Highlights

  • 80.75% OCCUPIED RETAIL CENTER -21 UNITS (6 VACANT UNITS)
  • RECENT IMPROVEMENTS –OVER $155,000 IMPROVEMENTS TO THE PARKING LOT, HVAC AND ROOF
  • SIX VACANT UNITS PROVIDING SIGNIFICANT UPSIDE (19.25%)
  • POTENTIAL OUTLOT -CITY APPROVED 4,500 SF INCLUDING DRIVE-THRU (SEE PROPOSED LOCATION ON THE AERIAL)
  • ANCHORED BY AMC THEATERS (1970) & DOLLAR GENERAL (1970)
  • ALL BUT TWO LEASES STRUCTURED AS TRIPLE-NET (MINIMAL LANDLORD RESPONSIBILITY)
  • BUILT IN 1970 WITH A COMPLETE RENOVATION OF THE BUILDING AND PARKING LOT IN 2012

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Financing By

Shopping Neighborhood

WASHINGTON PLAZA

Listing Price: $5,290,000

Cap Rate
8.16%
Gross SF
98,545
Rentable SF
98,545
Price/Gross SF
$53.68
Lot Size
12.59 acres
Year Built
1970

Investment Highlights

  • 80.75% OCCUPIED RETAIL CENTER -21 UNITS (6 VACANT UNITS)
  • RECENT IMPROVEMENTS –OVER $155,000 IMPROVEMENTS TO THE PARKING LOT, HVAC AND ROOF
  • SIX VACANT UNITS PROVIDING SIGNIFICANT UPSIDE (19.25%)
  • POTENTIAL OUTLOT -CITY APPROVED 4,500 SF INCLUDING DRIVE-THRU (SEE PROPOSED LOCATION ON THE AERIAL)
  • ANCHORED BY AMC THEATERS (1970) & DOLLAR GENERAL (1970)
  • ALL BUT TWO LEASES STRUCTURED AS TRIPLE-NET (MINIMAL LANDLORD RESPONSIBILITY)
  • BUILT IN 1970 WITH A COMPLETE RENOVATION OF THE BUILDING AND PARKING LOT IN 2012

Investment Overview

OVER 49,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $83,611 LOCATED OFF ROUTE 8 EXPANSION ONLY SIX MILES FROM DOWNTOWN PEORIA

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

Financing By

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