Property Details
Colliers International Mehran Foroughi, is pleased to present an exclusive investment opportunity which includes a freestanding Schnuck's, a CVS and Family Dollar anchored shopping center and a freestanding Taco Bell. The center' s tenancy includes many other national and regional brands such as The Cash Store, Little Caesars, Boost Mobile and Metro PCS. In fact nearly 70% of the center' s rental income stems from credit tenants.
11th Street Plaza has long been a thriving retail destination for the local community. It has benefited from a having a grocery anchor for almost 40 years and from Family Dollar' s and CVS' 28 year plus occupancy.
8.00% CAP Rate based on 73.6% Occupancy
11.89% Proforma CAP Rate - Tremendous Upside Potential
$55 Price PSF, Below Replacement Cost
Anchored tenants have average tenancy of 30+ years
Situated in the third largest city in Illinois
- Property TypeRetail
- Total Building Size109,371RSF
- Total Acres2.51
- Property ID1333103