Retail•Power Center•For Sale

WEST PARK PLAZA

528 West Lincoln Avenue, Charleston, Illinois 61920

Sale Price $4,705,000 ($58.63 /SqFt)
Sale Type Investment
Bldg Type Multi-Tenant
Class B
Status Existing
Year Built 1982
Stories 1
Cap Rate 9.00%
Gross Bldg 80,244 SqFt
RBA 80,244 SqFt
Market Chicago
WEST PARK PLAZA | Kroger Grocery-Anchored Value-Add Center | National Credit Tenants | 9.0% Cap
  • 80,244 SF KROGER GROCERY ANCHORED VALUE-ADD CENTER
  • Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces
  • 15% Upside In Leasing Up Remaining Vacant Spaces
  • National Credit Tenants
  • Kroger Corporate Guarantee: Operating As Ruler Foods (Just Renewed 5 Years)
  • Outstanding Frontage & High Visibility Site
  • Multiple Easy Points Of Ingress & Egress
  • Internet Resistant
  • Located within Walking Distance from 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 at $58.63 Price Per SF
  • 9.0% Cap Rate
1/29/2020 12:00:00 AM 1/29/2020 10:30:41 PM
George Spirrison
Principle
Adelphia Properties
SEND ME A MESSAGE

SEND A MESSAGE

0/100
dummy toaster to trick _toastr script loaded by scripts.js Show Default