611-623 Belt Line Rd - Retail FOR SALE


Collinsville, IL 62234 | 
$1,800,000 USD
847-651-3697
611-623 Belt Line Rd, Collinsville, IL for Sale
$1,800,000 USD
Retail - FOR SALE
1/4
null | Request Cap Rate

611-623 Belt Line Rd
Collinsville, IL 62234


HIGHLIGHTS

  • NOI Growth Opportunities
  • Investment Grade Dollar Tree
  • Impressive WALT & WALD Reflecting Durable Income Stream & Longstanding Operating History
  • Directly Adjacent to a Kohl's Shadow Anchor
  • Contains Excellent Frontage & Access Along Major Arterial Road

OVERVIEW

???????CBRE is pleased to present as the exclusive advisor, Collinsville Shopping Center, a 28,463 SF shopping center located in Collinsville, IL. The Property is anchored by Dollar Tree, an investment grade tenant with 10-years of operating history, which expanded into an adjacent 3,000 SF space in 2022. Clarkson Eyecare recently extended its term for an additional five years, further reinforcing the long-term stability provided by these national tenants. Future ownership can capitalize on this leasing momentum through the lease up of 13,739 SF of available space, which can generate $316,549 in potential additional revenue.  The Property is strategically located within the St. Louis MSA, approximately 14 miles from Downtown St. Louis and less than one mile from Interstate 55 (53,800 VPD), offering strong accessibility and consistent traffic flow. The surrounding Collinsville retail corridor is anchored by a concentration of national tenants, reinforcing the area as a dominant retail node. Investors are presented with the opportunity to acquire a well-positioned shopping center featuring a stable anchor tenant, embedded revenue growth potential, and a highly accessible location within a supply-constrained market.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

209

LAND DETAILS

LAND ACRES

5.54 AC

LAND SF

241,322 SF

ZONING

-

APN/PARCEL ID

13-2-21-22-13-301-052

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
847-651-3697

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Adam ForetCBREMore Info
847-651-3697

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