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Ottawa Centre
Walmart Shadow Anchored Two Building and Pad Site Portfolio
Listing Contacts
License: MI 6501384539
License: IL 475155060
Active
Asking Price:Unpriced
Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.
Address
333 W Stevenson & 4036 Veterans Drive, Ottawa, IL 61350
Show on MapDate Added
Jan 8, 2025
Days on Market
102 days
Time Since Last Update
12 days
Details
Property TypeRetail
SubtypeShopping Center
Lease TypeNNN
TenancyMulti
Remaining Term3 years
Square Footage51,446
Cap Rate8.00%
Occupancy84%
Year Built2006
Lot Size (acres)14.31
Parking (spaces)320
APN14-35-212-001; 14-35-212-002; 14-35-213-002; 14-35-209-005; 14-35-209-002; 14-35-410-001
INTELLIGENCEMarketing Description
For Sale
Investment Highlights
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Walmart shadow anchored ±51,446 SF multi-building in-line retail and pad site portfolio
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Located within the greater Ottawa Centre development, a commercial hub for Ottawa, IL and surrounding communities, providing ample consumer traffic
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Since it’s completed construction, Ottawa Centre has retained long-term strategic tenants, showcasing the viability of the site
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Unlock additional value through lease-up of existing vacant ±8,400 SF and development of the remaining pad site
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Adjacent to the recently developed OSF HealthCare Medical Office
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NOI ±$450,000 at ±84% occupancy
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Property History
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Due Diligence
Listing Contacts
- License: MI 6501384539
- License: IL 475155060
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