Salem Shopping Center
Walmart Shadow-Anchored Retail Center : 100% Leased with NNN Leases : Long-Term Tenants
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire a 27,500-square-foot, multi-tenant retail center located in Salem, Illinois. Salem Shopping Center is 100 percent leased, and 100 percent of the gross leasable area has triple-net leases. Anchored by Dollar Tree, tenants consist of Dab City Tobacco & Vape, AT&T Wireless, El Rancherito Mexican Cuisine, CATO, Internet Gaming Cafe, Zen Nails & Spa, and World Finance Corporation. Additional income is provided by an ATM lease with Marion County Savings Bank. Salem Shopping Center was constructed in 2007 and is situated on a 3.33-acre parcel.
Shadow-anchored by Walmart Supercenter, Salem Shopping Center is located on Baldridge Lane, off Highway 50 (West Main Street) near the intersection with Interstate 57. Traffic counts in front of the property exceed 15,645 vehicles per day. Neighboring national and regional retailers including KFC, Arby’s, Applebee’s Grill + Bar, Denny’s, Wendy’s, McDonalds’s, Taco Bell, Domino’s Pizza, Dollar General, CVS, Verizon Wireless, and others.
Investment highlights
27,500-Square-Foot, Multi-Tenant Retail Center
Shadow-Anchored by Walmart Supercenter
100% Leased | 100% of the Gross Leasable Area has Triple-Net Leases
Anchored by Dollar Tree | Complementary Tenant Mix of National and Local Retailers that are Largely Internet Resistant
Approximately 43% of the Gross Leasable Area have Occupied the Center Since Origination, 16+ Years
Situated on a 3.33-Acre Lot with Ample Concrete Parking
Located off Highway 50 (West Main Street) near the Intersection with Interstate 57 | Traffic Counts Exceed 15,645 Vehicles Per Day
Adjacent to a KFC Pad Site (Not a Part)
Neighboring Hotels and Local Businesses Drive Additional Traffic to the Area
The City of Salem is Approximately 90 Minutes East of St. Louis, Missouri
Priced at $154 Per Square Foot | Below Replacement Cost
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