401 S Banker St
Effingham, IL 62401
COUNTRY Insurance & Financial Services Office · Retail Property For Sale

Marcus & Millichap is pleased to present for your acquisition review, Four Points Plaza located in Effingham, Illinois. The subject property is a +/- 10,401 square foot multi-tenant retail center positioned on approximately 1.08 acres. The property has excellent visibility at the signalized intersection of US 40 and S Banker Street, with 34,000 vpd passing the corner. There is immediate accessibility to Interstate 70 which boasts over 35,700 vehicles per day. The Amtrak Commuter Station is just down the street, which services over 30,000 passengers annually. The center is 100 percent occupied with 27 percent of the gross leasable area leased thru June 2022, providing minimal near-term lease rollover. There are rent increases in 2018 for over 56 percent of the center, as well as scheduled rent increases in the renewal options for the tenants. CSC Inc. just signed a brand new lease on October 1, while Apria Healthcare signed a new lease in July of this year as well. There are a number of national retailers nearby to Four Points Plaza, with Martins IGA Plus, Dollar General, and Fifth Third Bank all adjacent to the property. Walgreens, Save-a-Lot, Hardees, Papa John’s, AutoZone, Verizon, Domino’s Pizza and O’Reilly Auto Parts are all down the street. The Wal-Mart Supercenter is on the northwest side of I-70 and is surrounded by Kohl’s, Menards, Cracker Barrel, Wendy’s, KFC, Arby’s, Burger King, Buffalo Wild Wings, Chipotle, Panda Express and several others. This offering is an ideal opportunity for an investor to acquire a 100 percent occupied retail center with strong returns, and with upside potential in capturing the 2018 rent increases and the increases in the options.