Commercial Sale
528 Lincoln Avenue, Charleston, Illinois 61920
69,338 SF KROGER GROCERY ANCHORED VALUE-ADD CENTER. 85.35% Occupied Retail Center. Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces. National Credit Tenants in Place. Kroger Corporate Guarantee: Operating As Ruler Foods. Outstanding Frontage & High Visibility Site. Multiple Easy Points of Ingress & Egress. Well Maintained Building w/ Recent Renovations in 2020. New Modified Bituminous Roof & Parapet Metal Cap (West Building) – 20 Yr Warranty. 30 New Roof-Top HVAC UNITS. New Stucco Facade (West Building). Re-Surface Entire East Building Roof – 20 Yr Warranty. Repaved Rear Service Drive. Internet Resistant. Located Just West of Eastern Illinois University. Situated on Major Retail Corridor Surrounded By Numerous National & Regional Retailers. Nearby I-57 & Coles County Memorial Airport. Priced Well Below Replacement Cost @ $66.34 Price Per SF!!! Priced to Sell @ 8.4% Cap Rate!!!
- Listing ID : MRD11393445
- Melissa Dittbenner
- View website
- (309) 663-7653
- (309) 275-5670
- (309) 663-1380