Walmart Shadow Center
Details
Investment Highlights
- Shadow anchored by Walmart supercenter.
- Healthy tenant mix including recent lease signed by AT&T.
- Submarket Occupancy Rate of 95%.
- Attractive pylon signage.
- OSF (A+ Credit Rating) makes up over 70% of the property and just
extended 5 years. - Attractive rental increases including 3% annual increases for OSF.
- Strong historical occupancy of approximately 20 years at the subject
property for Great Clips & Rosati’s. - Well maintained center with newly paved parking lot.
- 1,522 SF vacant, allowing for potential upside for the investor.
- Low in-place rents giving an investor future upside.
- Minutes from Belvidere Assembly Plant with $4.8B being invested
creating thousands of jobs. - New $20M truck stop development over 43 acres directly across the street
- New “Aroma Hill Dispensary” just opened across the street
Category
(none)
Location
1940-1960 Gateway Center DriveBelvidere, IL 61008
US
Parcel:08-06-101-001
Financials
Sale Price: $3,402,887.00
Lease Price: --
Terms:
Sq. Ft.: 18622 - 18622
Acres: 2.79000000 - 2.79
Tax: --
Tax Year: --
Features
In City Limits
Building
Sub-dividable
Expandable
Land
Build To Suit
Shovel-Ready
Industrial Park
Business Park
100-Year Flood Plain
Phase 1 Environmental Audit Complete
Utilities
Water
Sewer
Electric
Natural Gas
High Speed Telecom
Transportation
Nearest Airport: 18 miles
Nearest Rail: 2 miles
Nearest Highway: 1 miles
Materials
Broker Info
BROKER/REAL ESTATE AGENT:
Brad Teitelbaum
Bellagio Real Estate Partners
Office: 312-285-2946
Cell: 480-205-7637
ECONOMIC DEVELOPMENT CONTACT:
Pamela Lopez-Fettes
Growth Dimensions
982 Belvidere Road
Belvidere, IL 61008
Office: 815-547-4252
Cell: 815-355-2250
pfettes@growthdimensions.org
Posted On: 03-07-2024
Last Updated: 7 months ago
