67 Ludwig Dr
Fairview Heights, IL 62208
Fairview Heights Plaza · Retail Property For Sale

Located about 20 miles from St. Louis, the property is visible from I-64 and is home to both local and national tenants. Ample parking is available.. Construction Cost = $12500000. Construction Date is unknown Investment Highlights: ABILITY TO INCREASE BELOW-MARKET RENTS VALUE CREATION OPPORTUNITY THROUGH LEASE UP GROUND LEASE OPPORTUNITY OUTSTANDING YIELD POTENTIAL LOW ROLLOVER RISK LIMITED COMPETITION MAXIMUM EXPOSURE STRONG SALES PERFORMANCEInvestment Overview:Fairview Heights Plaza is Big Box Center containing 198,801 square feet of net rentable area. The Property is currently 72.4% occupied by four box tenants (Gordman's, Guitar Center, Sears Outlet, and Planet Fitness) and one in-line tenant. Leasing the vacant 40,588 SF box (former Sports Authority) and 14,294 SF in 5 adjacent inline stores will boast cash flow dramatically, and provide an Investor the opportunity to create value through lease up. There is also an opportunity for a ground lease on the available pad site containing 0.77 acres, which provides the owner with the ability to generate additional stable cash flow.The Center is located in Fairview Heights, Illinois, a dy