3909 Broadway St - Freestanding FOR SALE


Mount Vernon, IL 62864
$3,250,000 USD
941-504-4222
3909 Broadway St, Mount Vernon, IL for Sale
$3,250,000 USD
Freestanding - FOR SALE
1/29
null | 6.75% Cap Rate

3909 Broadway St
Mount Vernon, IL 62864


HIGHLIGHTS

  • Multi-tenant Investment: Anchored by Kay Jewelers and AT&T, both corporate-guaranteed leases, alongside Moe's Southwest Grill a strong franchisee
  • Prime Position: Times Square Mall, 377,325 SF regional center anchored by Hobby Lobby, Ross, Ashley Furniture, Planet Fitness, Ollie's, and more
  • High-visibility Intersection: Broadway Street and South 42nd Street are a primary retail corridor exceeding 18,000 vehicles per day
  • Strong Demographics: Mount Vernon, with an MSA population exceeding 38,000, and a median household income of approximately $80,534
  • Near Interstate 57 and 64: Establishing this trade area as the dominant regional retail, healthcare, and commercial destination for southern Illinois
  • Times Square Mall: Underwent redevelopment in 2014, drawing high yield traffic with 45 stores, 52.21 acres, and 1,608 parking spaces

OVERVIEW

Franklin Street is pleased to present the exclusive offering of The Shops at Mount Vernon, a multi-tenant retail outparcel located at 3909 Broadway Street in Mount Vernon, Illinois. Positioned at the signalized, high-traffic intersection of Broadway Street and South 42nd Street, the property benefits from direct outparcel visibility to Times Square Mall, a 377,325 SF regional power center anchored by Hobby Lobby, Ross, Ashley Furniture, Dunham's, Planet Fitness, and Ollie's. The property is leased to a strong, diversified tenant lineup including Kay Jewelers and AT&T under corporate-guaranteed leases, alongside Moe's Southwest Grill under a strong franchise guarantee, providing durable income backed by nationally recognized brands. Mount Vernon functions as the county seat of Jefferson County and the principal city of the Mount Vernon Micropolitan Statistical Area, with an MSA population exceeding 38,000 residents. The city's position at the crossroads of Interstate 57 and Interstate 64 has established it as the dominant retail, healthcare, and commercial hub for southern Illinois, drawing consumer traffic from a broad multi-county trade area. The Broadway Street corridor anchors this activity, carrying daily traffic counts in excess of 18,000 vehicles and hosting a dense concentration of national retailers including Walmart, Lowe's, Kohl's, and Kroger. Times Square Mall underwent a significant redevelopment in 2014, repositioning the center as the region's leading shopping destination and reinforcing long-term demand for outparcel retail exposure along Broadway Street. This offering presents investors the opportunity to acquire a diversified, credit-backed retail asset within one of southern Illinois' most established and highest-traffic commercial corridors, supported by strong regional draw, limited competing outparcel supply, and a stable, multi-sector local economy.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$340 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mount Vernon Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

B-2

APN/PARCEL ID

06-36-102-018

ASK ABOUT THIS PROPERTY

Justin SturdivantFranklin StreetMore Info
941-504-4222

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Justin SturdivantFranklin StreetMore Info
941-504-4222

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