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- LoopNet Team
510-626 W Lincoln Ave
Charleston, IL 61920
WEST PARK PLAZA | Grocery-Anchored | 9% CAP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 80,244 SF KROGER GROCERY ANCHORED VALUE-ADD CENTER
- Kroger Corporate Guarantee: Operating As Ruler Foods (Just Renewed 5 Years)
- Located within Walking Distance from Eastern Illinois University, Nearby I-57 & Coles County Memorial Airport
- 17% Upside In Leasing Up Remaining Vacant Spaces
- National Credit Tenants
- Priced Well-Below Replacement Cost at $55.92 Price Per SF @ 9% CAP Rate
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
ABOUT 510-626 W LINCOLN AVE , CHARLESTON, IL 61920
80,244 SF KROGER GROCERY ANCHORED VALUE-ADD CENTER * Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces * 17% Upside In Leasing Up Remaining Vacant Spaces * National Credit Tenants * Kroger Corporate Guarantee: Operating As Ruler Foods (Just Renewed 5 Years) * Outstanding Frontage & High Visibility Site * Multiple Easy Points of Ingress & Egress * New Modified Bituminous Roof & Parapet Metal Cap (West Building) - 20 Yr Warranty * New Roof-Top HVAC UNITS (30 Units) * New Stucco Façade (West Building) * Re-Surface Entire East Building Roof - 20 Yr Warranty * Repaved Rear Service Drive * Internet Resistant * Located Just West of Eastern Illinois University * Opportunity to Purchase Remaining Vacant Space East of Habitat for Humanity (47,000 SF), please contact me for more Details - NOT INCLUDED IN OFFERING PRICE * Situated on Major Retail Corridor Surrounded By Numerous National & Regional Retailers * Nearby I-57 & Coles County Memorial Airport * Priced Well Below Replacement Cost ($55.92 Price Per SF) * 9.0% Cap Rate
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $120,609 | |
| Land Assessment | $731,863 | Total Assessment | $852,472 |
PROPERTY TAXES
