Shopping Neighborhood

Walmart Shadow Center

1011 Commerce Drive, Fairfield, IL 62837

Listing Price: $1,500,000

Cap Rate
8.95%
Gross SF
17,465
Rentable SF
17,465
Price/Gross SF
$85.89
Lot Size
2.21 acres
Year Built
2005

Investment Overview

Marcus Millichap is proud to present the opportunity to acquire
the fee simple interest in the Walmart Shadow Center in Fairfield,
Illinois
The offering includes two multi tenant retail centers totaling 17 465
square feet and positioned on 2 21 acres The centers are shadow
anchored by a Walmart behind it and are broken down to an 8 905
square foot six tenant strip and an 8 560 square foot three tenant
strip Walmart Shadow Center has a strong tenant mix with national
tenants like Verizon, ATI Physical Therapy, Maurices and Belton
Hearing Aids, as well as local tenants like La Fuente Mexican
Restaurant and Panda Buffet The current occupancy of the deal
surpasses 93 percent providing an investment that is fully stabilized
with upside in leasing the vacant suite Most of the leases are triple
net with the tenant reimbursing for their pro rata share of the
expenses, however there is additional added value potential in
converting La Fuente and Panda Buffets gross leases to triple net
Walmart Shadow Center sits in front of the only Walmart in Fairfield
and across the street from Frontier Community College The Fairfield
Memorial Hospital and the Wayne County Fairgounds are also
across the street to the East adjacent to McDonalds, Dairy Queen
and Pizza Hut There are several other national retailers nearby
including, Dollar General, CVS and Subway The Fairfield Municipal
Airport is less than a quarter mile to the west of the Walmart Shadow
Center The subject property has immediate access to U S Route 45
and is in close proximity to Evansville, Indiana and St Louis, Missouri

Investment Highlights

  • Walmart Shadow Anchored Retail Center
  • 93 Occupancy Stabilized with Upside Potential in Leasing Vacant Suite
  • Triple Net Leases Additional Upside Offered in Converting Gross Leases to Triple Net
  • Strong Tenant Mix Anchors Include Verizon, ATI Physical Therapy, Maurices Beltone
  • Adjacent to the Fairfield Memorial Hospital Frontier Community College
  • Two Multi Tenant Retail Centers 8 905 sf Center an 8 560 sf Center

Exclusively Listed By

Shopping Neighborhood

Walmart Shadow Center

Listing Price: $1,500,000

Cap Rate
8.95%
Gross SF
17,465
Rentable SF
17,465
Price/Gross SF
$85.89
Lot Size
2.21 acres
Year Built
2005

Investment Highlights

  • Walmart Shadow Anchored Retail Center
  • 93 Occupancy Stabilized with Upside Potential in Leasing Vacant Suite
  • Triple Net Leases Additional Upside Offered in Converting Gross Leases to Triple Net
  • Strong Tenant Mix Anchors Include Verizon, ATI Physical Therapy, Maurices Beltone
  • Adjacent to the Fairfield Memorial Hospital Frontier Community College
  • Two Multi Tenant Retail Centers 8 905 sf Center an 8 560 sf Center

Investment Overview

Marcus Millichap is proud to present the opportunity to acquire
the fee simple interest in the Walmart Shadow Center in Fairfield,
Illinois
The offering includes two multi tenant retail centers totaling 17 465
square feet and positioned on 2 21 acres The centers are shadow
anchored by a Walmart behind it and are broken down to an 8 905
square foot six tenant strip and an 8 560 square foot three tenant
strip Walmart Shadow Center has a strong tenant mix with national
tenants like Verizon, ATI Physical Therapy, Maurices and Belton
Hearing Aids, as well as local tenants like La Fuente Mexican
Restaurant and Panda Buffet The current occupancy of the deal
surpasses 93 percent providing an investment that is fully stabilized
with upside in leasing the vacant suite Most of the leases are triple
net with the tenant reimbursing for their pro rata share of the
expenses, however there is additional added value potential in
converting La Fuente and Panda Buffets gross leases to triple net
Walmart Shadow Center sits in front of the only Walmart in Fairfield
and across the street from Frontier Community College The Fairfield
Memorial Hospital and the Wayne County Fairgounds are also
across the street to the East adjacent to McDonalds, Dairy Queen
and Pizza Hut There are several other national retailers nearby
including, Dollar General, CVS and Subway The Fairfield Municipal
Airport is less than a quarter mile to the west of the Walmart Shadow
Center The subject property has immediate access to U S Route 45
and is in close proximity to Evansville, Indiana and St Louis, Missouri

Exclusively Listed By

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