38,000 Square Foot Retail Space For Sale @ 1607 Broadway St

Coming on market. Inline and outlot bldg. for sale (30,669 GLA) in Kroger anchored shopping center.
Kroger owns its building. In 2014, Kroger completed a $5 mil. store renovation. Kroger is a 24 hour store and has gas pumps & drive thru pharmacy.
Class A condition in higher income area.
Kroger constructed: 1997, Inline: 1998, Outlot: 2001.
Pekin: North/Central Illinois, about halfway between Chicago and St. Louis. (165 miles from each). County seat. Near Peoria. 5 mile population: 47,000.
Net Income $359,434 Projected Net Income $405,514






Sales Info:
■ Cap rate: 8.5%
■ Commision split: 0.5%
■ NOI: $359,434

Location Description:
Inline and outlot bldg. for sale (38,000 GLA) in Kroger anchored shopping center.
- Kroger owns its building.
- 2014, $5 mil. store renovation.
- 24 hour store. Has gas pumps & drive thru pharmacy.
- Class A condition in higher income area.
- Kroger constructed: 1997, Inline: 1998, Outlot: 2001.
- Pekin: North/Central Illinois, about halfway between Chicago and St. Louis. (165 miles from each). County seat. Near Peoria.
- 5 mile population: 47,000.
- Net Income $359,434
- Projected Net Income $405,514


Highlights:
■ Coming On the Market: Inline and Outlot Building of Kroger Anchored Shopping Center
■ Stable Midwest Market: Pekin Illinois (Suburb City of Peoria Illinois)
■ Approx. 165 Miles South of Chicago & 165 Miles North of St. Louis
■ 30,669 Square Feet Gross Leasing Area (inline and outlot building)
■ Kroger Owns Its Own Building. 2014 $5mil. renovation.
■ Sale Price: $4,228,000
■ 8.5 Cap