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JEWEL GROCERY DOLLAR TREE ANCHORED CENTER

$4,135,000 | 6.25%

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1312 John Deere Expressway
Silvis, Illinois 61282

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Features

  • Rare Opportunity to Acquire an Essential Dual-Tenant Center with Upside
  • 96% of the Center is Leased to Two High Credit Tenants
  • Jewel Completed a Store Remodel in 2019/2020 which Included the Addition of a Starbucks
  • Dollar Tree Space has Continuously Operated as a Dollar Store for 29 Years
  • Ability to Lease the 2,450-Square Foot Vacant Space and Increase Cap Rate Over 50 Basis Points
  • Best in Class Tenants with Modest Base Rent and Low Occupancy Cost
  • Jewel is Paying a Well Below Market Rent of Only $4.18 per Square Foot
  • Jewel Generates Additional Revenue through Rent Collected from Starbucks Located Inside Grocery Store
  • Dollar Tree is Paying a Modest Rental Rate of $7.00 per Square Foot
  • Property is Priced Substantially Below Replacement Cost at $69.99 per Square Foot for the Building
  • The Center has Ideal Positioning in Between Two Stop Lights Across the Street from a Walmart Supercenter

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

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