3115-3131 Broadway St - Storefront FOR SALE


Quincy, IL 62301
$4,307,000 USD
630-570-2260
3115-3131 Broadway St, Quincy, IL for Sale
$4,307,000 USD
Storefront - FOR SALE
1/10
null | 7.15% Cap Rate

3115-3131 Broadway St
Quincy, IL 62301


HIGHLIGHTS

  • 100% Occupied Starbucks Anchored Retail Center | 6.03-Year WALT
  • Long Operating History | Starbucks has Been Operating at this Location Since 2007 and has 12 Years of Term Remaining
  • US Cellular and All About Eyes have Been Operating at this Location Since 2008
  • Outlot to Quincy Town Center Shopping Mall Which Ranks in the Top 10% of Regional Malls in Illinois by Visits (Placer.ai)
  • Starbucks Features a Drive-Thru | Only Starbucks Location Within a 50-Mile Radius
  • 220ft of Frontage Along Broadway St Which Sees 24,800 Vehicles per Day

OVERVIEW

This 100% occupied, Starbucks-anchored retail center features national tenants including U.S. Cellular and H&R Block, all operating under net leases with limited landlord responsibilities. Starbucks, which has been at the site since 2007 and has 12 years of remaining term, is the only location within a 50-mile radius and draws over 223,000 annual visitors. Located as an outlot to Quincy Town Center—a high-performing regional mall attracting 3 million annual visitors—the property benefits from strong retail synergy and visibility. It offers exceptional access with five points of ingress/egress, 220 feet of frontage on high-traffic Broadway Street (24,800 VPD), and close proximity to I-172. Surrounded by dense residential and daytime populations, the site benefits from strong community drivers such as top-ranked shopping centers, Quincy University campus and other major national retailers.

FOR SALE DETAILS

PRICE

$4,307,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Anchored Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

23-7-0662-000-00

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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