Anna Crossing - Walmart Shadow
Value-Add Walmart Shadow | 10,150 Square Feet | 87% Occupied
Marketing description
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Anna Crossing (“The Property”), a 10,150 square foot Walmart shadow anchored retail strip center located in Anna, Illinois.
Built in 2003 on a 1.7-acre site, the Property is 87% occupied and home to a complimentary mix of local and regional tenants including Southern Illinois Healthcare, S.I. Tan Co, Anna Tobacco, and Lucky Lady.
The Property is perfectly positioned directly in front of the Walmart Supercenter, (the only Walmart within a 20-mile radius) creating convenient cross-shopping synergies and a continual stream of customers through the parking lot. In addition, Anna Crossing benefits from a dense retail trade area along Highway 51 (Vienna Street), the primary north-south commercial corridor in Anna. The property sits within a proven retail node that includes Kroger, Walgreens, Burger King, KFC, Taco Bell, Pizza Hut, Verizon Wireless, and a Chevrolet/Buick dealership, driving consistent daily traffic to the center.
Anna is the county seat of Union County in Southern Illinois, situated approximately 130 miles southeast of St. Louis and 26 miles northeast of Cape Girardeau. The property falls within the Paducah-Cape Girardeau-Harrisburg CBSA. The region’s largest employers include Choate Health & Development Center, Walmart, and Union County Hospital, providing a stable and diverse employment base that anchors local retail demand. Within ten miles of the subject property, there are approximately 16,000 residents with an average household income of $75,000.
Anna Crossing offers investors a secure and stable asset with a significant value-add opportunity through lease-up of the last remaining vacancy which totals 1,300 square feet. Once the Property is fully stabilized, the cap rate will be 10%+ with a 15.9% cash on cash return, providing a clear value creation strategy.
The Property is being offered free and clear of debt for an 8% cap rate totaling $1,105,748
Investment highlights
WALMART SHADOW ANCHORED
- Positioned Directly Infront Of The Only Walmart Supercenter Within A 20-Mile Radius — The Primary Retail Anchor For Union County And Surrounded By Other National Retailers Including Kroger, Walgreens, Burger King, KFC, Taco Bell, Pizza Hut, Verizon Wireless
TRUE VALUE-ADD UPSIDE
- The Property Is Currently 87% Leased Offering Investors The Opportunity To Lease The Last Remaining Vacant Suite Totaling 1,300 Square Feet Which Will Increase Revenue More Than $25,000 Annually. Once The Property Is Fully Stabilized, The Cap Rate Will Be 10%+ With A 15.9% Cash On Cash Return, Providing A Clear Value Creation Strategy
PRIME RETAIL LOCATION WITH LIMITED COMPETITION
- Located Within Established Retail Node Along Vienna Street, Anna’s Primary Commercial Corridor. Neighboring Tenants Include Kroger, Walgreens, Dollar Tree, Verizon Wireless, Burger King, KFC, Taco Bell, And Pizza Hut, Driving Consistent Daily Traffic. As The Dominant Retail Destination For A Broad Rural Trade Area, Anna Draws Consumers Well Beyond Its Immediate Population
- The Market Offers Very Limited Competing Multi-Tenant Shop Space, With Surrounding Retail Concentrated In Freestanding And National Box Formats Rather Than Competing Strip Centers. This Scarcity Supports Tenant Retention, Limits Relocation Options, And Insulates The Center Against New Supply — Reinforcing Durable Rents And Long-Term Occupancy
SERVICE-BASED, E-COMMERCE RESISTANT TENANT MIX WITH MEDICAL ANCHOR
- Anchored by Southern Illinois Healthcare, a regional medical provider driving recurring, appointment-based traffic and lending institutional stability to the rent roll
- Complementary service and necessity-based tenants insulated from e-commerce, supporting low turnover, long-term occupancy, and durable income across economic cycles
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