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Sunrise Center II 1334 Central Park Dr 16,435 SF 100% Leased Retail Building O'Fallon, IL 62269 $3,100,000 ($188.62/SF) 8.20% Cap Rate
EXECUTIVE SUMMARY
• 100% Occupied 16,435 Square-Foot Strip Center Located in O’Fallon, IL | Part of the St. Louis-MSA with Over 2.8m People
• Situated in Regions #1 Retail Corridor with Over 2.7m Square-Feet of Retail |Immediately Surrounded by Major Traffic Drivers Including: Walmart (Ranks Top 30% with Over 2.5m Customers Per Year), Sam’s Club (Ranks Top 18% with Over 2.1m Customers Per Year), and Marcus Theaters (Ranks Top 7% in Country with Over 600k Customers Per Year)
• Premier Strip Center which Caters Extremely Well to Regional Demographics | National & Regional Service-Base/ Ecommerce-Proof Tenant Mix Which Includes Restaurant/Food, Medical Supplies, Financial, Indoor Golf, and Martial Arts
• Major Tenants Include BB.Q Chicken, Ray’s Restaurant, DP Golf Indoors, Global Medical, One Main Financial, and Song Martial Arts
• 5/6 Tenants have Annual Rental Increases | Major NOI Growth During Base-Term
• BB.Q Chicken | One of the Fastest Growing Franchises in the World with Over 3,500 Locations Across 57 Counties | Ranks Top 20% In Country and #1 Location in Illinois Per Placer.Ai | Major Traffic Driver for Center with Over 53,600 Customers Per Year
• Modest but Growing Rental Rates Currently Averaging Only $15/SF | BB.Q Chicken Just Signed New Leases at $17.34/ SF which is 14% Higher Than Center Average and Includes 2% Annual Bumps | Global Medical Signed Lease in 2023 at $16/SF which is 6% Higher Than Center Average
• Song Martial Arts and One Main Financial are Sites Longest Standing Tenants with Over 18.5-Years of Operational History | Accounts for 30.43% of GLA | No Remaining Options Beyond Current Term
• Landlord Favorable NNN Lease Structures | Full Recapture of Operating Expenses Including Taxes, Common Area Maintenance, Insurance + 3rd Party Management Fees
• Prime Hard-Corner Location Seeing Over 24,427 Vehicles Per Day | Situated Less Than 0.3 Miles from I-64 On/Off Ramp | I-64 Sees Over 78,800 Vehicles Per Day
• Dense and Affluent Demographics with Population Counts of 42,296 People within 1-Miles, 91,623 People within 3-Miles | Average Household Income In Excess of $115,000
• Consumer Spending within 5-Miles Exceeds $1.265 Billion Per Year | Region Includes Major Names Such as: Target (2 locations within 5-mile radius), Schnucks, HomeDepot, Burlington, Golf Galaxy, Dick’s, Hobby Lobby, HomeGoods, Lowe’s, Menards, Dierbergs, Aldi, Fresh Thyme, Chick-Fil-A, Raising Cane’s, Texas Roadhouse, Culvers, Starbucks, Chipotle, an Array of Small Shops
• O’Fallon is the 2nd Largest City in the Metro-East Region + Southern Illinois | Only 18-miles from Downtown St. Louis | St. Louis-MSA is the 23rd Largest Metro in the US | Home to Over 2.8m People | HQ for 10 Fortune 500 Companies + 6 Fortune 1000 Companies
• Situated in Regions #1 Retail Corridor with Over 2.7m Square-Feet of Retail |Immediately Surrounded by Major Traffic Drivers Including: Walmart (Ranks Top 30% with Over 2.5m Customers Per Year), Sam’s Club (Ranks Top 18% with Over 2.1m Customers Per Year), and Marcus Theaters (Ranks Top 7% in Country with Over 600k Customers Per Year)
• Premier Strip Center which Caters Extremely Well to Regional Demographics | National & Regional Service-Base/ Ecommerce-Proof Tenant Mix Which Includes Restaurant/Food, Medical Supplies, Financial, Indoor Golf, and Martial Arts
• Major Tenants Include BB.Q Chicken, Ray’s Restaurant, DP Golf Indoors, Global Medical, One Main Financial, and Song Martial Arts
• 5/6 Tenants have Annual Rental Increases | Major NOI Growth During Base-Term
• BB.Q Chicken | One of the Fastest Growing Franchises in the World with Over 3,500 Locations Across 57 Counties | Ranks Top 20% In Country and #1 Location in Illinois Per Placer.Ai | Major Traffic Driver for Center with Over 53,600 Customers Per Year
• Modest but Growing Rental Rates Currently Averaging Only $15/SF | BB.Q Chicken Just Signed New Leases at $17.34/ SF which is 14% Higher Than Center Average and Includes 2% Annual Bumps | Global Medical Signed Lease in 2023 at $16/SF which is 6% Higher Than Center Average
• Song Martial Arts and One Main Financial are Sites Longest Standing Tenants with Over 18.5-Years of Operational History | Accounts for 30.43% of GLA | No Remaining Options Beyond Current Term
• Landlord Favorable NNN Lease Structures | Full Recapture of Operating Expenses Including Taxes, Common Area Maintenance, Insurance + 3rd Party Management Fees
• Prime Hard-Corner Location Seeing Over 24,427 Vehicles Per Day | Situated Less Than 0.3 Miles from I-64 On/Off Ramp | I-64 Sees Over 78,800 Vehicles Per Day
• Dense and Affluent Demographics with Population Counts of 42,296 People within 1-Miles, 91,623 People within 3-Miles | Average Household Income In Excess of $115,000
• Consumer Spending within 5-Miles Exceeds $1.265 Billion Per Year | Region Includes Major Names Such as: Target (2 locations within 5-mile radius), Schnucks, HomeDepot, Burlington, Golf Galaxy, Dick’s, Hobby Lobby, HomeGoods, Lowe’s, Menards, Dierbergs, Aldi, Fresh Thyme, Chick-Fil-A, Raising Cane’s, Texas Roadhouse, Culvers, Starbucks, Chipotle, an Array of Small Shops
• O’Fallon is the 2nd Largest City in the Metro-East Region + Southern Illinois | Only 18-miles from Downtown St. Louis | St. Louis-MSA is the 23rd Largest Metro in the US | Home to Over 2.8m People | HQ for 10 Fortune 500 Companies + 6 Fortune 1000 Companies
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,435 SF
Building Class
B
Year Built
2006
Price
$3,100,000
Price Per SF
$188.62
Cap Rate
8.20%
NOI
$254,054
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.01 AC
Zoning
Commercial
Parking
112 Spaces (6.81 Spaces per 1,000 SF Leased)
Frontage
276’ on Central Park Dr
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- BB.Q Chicken
- -
- -
- -
- -
- Dp Golf Center
- Arts, Entertainment, and Recreation
- -
- -
- -
- Global Medical Solutionz
- Wholesaler
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
OneMain Financial is the leader in offering nonprime customers responsible access to credit. They are committed to being the partner of choice and empowering their customers to reach a better financial future. Their team helps customers meet critical financial needs, including debt consolidation, home and auto repair, medical procedures, and other major expenses.
- Ray's Restaurant
- -
- -
- -
- -
- Song Martial Arts
- Educational Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| BB.Q Chicken | - | - | - | - | ||
| Dp Golf Center | Arts, Entertainment, and Recreation | - | - | - | ||
| Global Medical Solutionz | Wholesaler | - | - | - | ||
|
|
Finance and Insurance | - | - | - | ||
| Ray's Restaurant | - | - | - | - | ||
| Song Martial Arts | Educational Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 5 | 3,500 SF | Retail | In-Line | 30 Days |
5
| Size |
| 3,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
5
| Size | 3,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-25.0-301-009 | Improvements Assessment | $337,578 |
| Land Assessment | $177,951 | Total Assessment | $515,529 |
PROPERTY TAXES
Parcel Number
03-25.0-301-009
Land Assessment
$177,951
Improvements Assessment
$337,578
Total Assessment
$515,529
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Sunrise Center II | 1334 Central Park Dr
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