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Marion Shopping Center 2406 Williamson County Pky

24,500 SF 86% Leased Retail Building Marion, IL 62959 $6,323,999 CAD ($258 CAD/SF) 8.25% Cap Rate

Investment Highlights

  • 24,500-Square-Foot, Multi-Tenant Retail Center
  • Strong Tenant Base Anchored by Dollar Tree
  • Fully Stabilized Asset | 100% Occupied | 100% of the Leases Are Triple-Net

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire a 24,500-square-foot, Walmart shadow-anchored, multi-tenant retail center located in Marion, Illinois. Marion Shopping Center is currently 100 percent occupied, and 100 percent of the leases are triple-net. Tenants consist of Belton Hearing Center, Sport Clips, Vape & Smoke Shop, GNC, Baan Thai Restaurant, Sally Beauty Supply, Maurice's, Dollar Tree, and La Galeria Mexican Cuisine and Creamery. The building was constructed in 2007 and is situated on a 2.45-acre parcel with ample paved parking.
Marion Shopping Center is located in a dense retail trade area on Williamson County Parkway in the northwestern quadrant of Interstate 57 and Illinois Route 13 (West Deyoung Street). The center sits adjacent to a top-ranking Walmart Supercenter store, ranking in the 93rd percentile in both the state of Illinois and nationally, based on annual visitors to all Walmart Supercenters (source: Placer Labs Inc.). Numerous other national and regional retailers neighbor the property, including The Home Depot, Target, Dillard’s, Red Lobster, Texas Roadhouse, Cricket Wireless, Super Cuts, Hibbett Sports, GameStop, Sam’s Club, Starbucks, Sonic Drive-In, AT&T, Applebee’s, and many others. The subject property is also in close proximity to many national hotel chains such as Comfort Inn & Suites, Hampton Inn, Drury Inn, Fairfield Inn & Suites by Marriot, and Holiday Inn Express & Suites, providing additional traffic to the area. The average household income is $68,097 within three miles; $72,649 within five miles; and $78,811 within 10 miles.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,500 SF
Building Class
B
Year Built
2007
Price
$6,323,999 CAD
Price Per SF
$258 CAD
Cap Rate
8.25%
NOI
$521,730 CAD
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
2.45 AC
Zoning
Commercial - Commercial
Parking
139 Spaces (5.67 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Nearby Major Retailers

Steak ‘n Shake
Texas Roadhouse
McAlister's Deli
Rent One Home Furnishings
Woodforest National Bank
Buffalo Wild Wings Grill & Bar
IHOP
Back Yard Burgers
O'Charley's
Red Lobster

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-10-476-003
Land Assessment
$228,526 CAD
Improvements Assessment
$912,289 CAD
Total Assessment
$1,140,815 CAD
  • Listing ID: 32078508

  • Date on Market: 2024-06-10

  • Last Updated:

  • Address: 2406 Williamson County Pky, Marion, IL 62959

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