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403 N Veterans Pkwy
Bloomington, IL 61704

Price Change | Fresh Thyme & Great Escape · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
60,810 SF
Building Class
B
Year Built/Renovated
1983/2016
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
5.10 AC

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Air Conditioning

About 403 N Veterans Pkwy , Bloomington, IL 61704

INVESTMENT HIGHLIGHTS: Dominant Grocery Anchored Asset - Anchored by Fresh Thyme Farmers Market, founded in 2012, they have grown to over 75 stores. This family friendly grocer is a main attraction in the retail corridor. - Fresh Thyme opened in May, 2017 while Great Escape opened in April, 2016 - ±$2MM invested into the asset between Landlord’s renovation and TI contribution - Proven tenant with improving, year-over-year sales Irreplaceable Location With Exceptional Visibility and Accessibility - The center is ideally positioned directly across the street from: - OSF St. Joseph Medical Center which is 1 of only 41 hospitals in the U.S. to continuously earn an “A” rating in patient safety and is a designated Magnet Hospital (the highest honor in health care from the American Nurses Credentialing Center - Eastland Mall – a ±768,800 SF mall with approximately 75 retail tenants - Located only one block from: - The Empire Crossing Shopping Center – a ±253,000 SF, Dick’s-anchored shopping center with 27 total retail tenants Recent Leasing Momentum - The Great Escape has demonstrated strong commitment to this site by inking an extension through September 2026. Highly Trafficked Super Regional Trade Area - The asset is positioned along highly trafficked thoroughfare of Bloomington at the intersection of Eastland Drive and North Veterans Pkwy, combined traffic counts of 60,000 VPD. Outstanding Demographics - Within a 5-mile radius the average household income boasts over $80,000 and over 133,000 people. Daytime population soars with over 61,000 in a one-mile radius. Unencumbered Asset - Offered free and clear of any existing financing, a new investor can take advantage of historically low interest rates and ample availability in the capital markets to significantly enhance returns through aggressive capitalization structures.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-02-251-018
Land Assessment
$675,078
Improvements Assessment
$1,883,119
Total Assessment
$2,558,197
  • Listing ID: 17038022

  • Date on Market: 2019-08-27

  • Last Updated:

  • Address: 403 N Veterans Pkwy, Bloomington, IL 61704

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