978-854-2126
26 Plaza Dr, Fairview Heights, IL for Sale
Retail - FOR SALE
1/5
null | Request Cap Rate

26 Plaza Dr
Fairview Heights, IL 62208


HIGHLIGHTS

  • Marketplace Shopping Center is situated along Hwy 64 (72,600 VPD), allowing for exceptional visibility and site lines to the retail storefronts
  • Recent lease executed with Home Outlet provides future ownership with surety of cash flow
  • Situated in a Tax Increment Financing District and state-authorized enterprise zone, there are financial incentives to upgrade and better the property
  • The asset features five-mile population counts of approximately 112,944 people with an average household income of $104,864
  • Property is being offered for sale, unencumbered by existing debt

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to market for sale Marketplace Shopping Center, a value-add community shopping center located in Fairview Heights, IL. Marketplace Shopping Center is strategically along Hwy 64, which provides direct frontage to the 72,600 vehicles per day and is the main thoroughfare connecting Fairview Heights to St. Louis (15 miles west). The shopping center is designed to cater to a diverse range of consumer needs and is poised for significant growth given its prime location and demographic appeal. Spanning 210,489 square feet, Marketplace Shopping Center is currently 49% leased to 6 retail tenants, with a weighted average lease tenure of 22.5 years and remaining term of 2.9 years. Residing on 19.09 acres, this asset provides future ownership with a substantial value-add investment opportunity through programmatic project leasing or redevelopment, ideally positioned within the St. Louis MSA. The asset is being offered without a formal asking pricing, free-and-clear of existing debt.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

26 Plaza Dr | Marketplace Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

981

LAND DETAILS

LAND ACRES

19.1 AC

LAND SF

831,996 SF

ZONING

PB

APN/PARCEL ID

03-28.0-200-046

ASK ABOUT THIS PROPERTY

Teddy DriscollAtlantic RetailMore Info
978-854-2126

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Teddy DriscollAtlantic RetailMore Info
978-854-2126

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.