Sunrise Center ll

O’Fallon | IL (St Louis MSA)

Offering Summary

  • Status: active
  • Price: $3,100,000
  • CAP Rate: 8.00%
  • GLA: 16,435 SF
  • Net Operating Income: $247,922
  • Price/SF: $189
  • Year(s) Built: 2006
  • Lot Size (Acres): 1.96
  • Lease Type: NNN
  • Major Tenants: DP Golf Indoors, Ray’s Restaurant, Song Martial Arts, KOBBQ, Inc.
  • 100% Occupied, 16,435 SF Shopping Strip in O’Fallon, IL (St. Louis MSA)
  • Strong Population Counts | 45,296 Residents Within 3/Mi | 91,623 Residents Within 5/Mi
  • Affluent Demographics | AHHI of $110K – $115 Within 1/3 Mi Radii
  • Located at the Corner of Central Park Dr and Hartman Ln | Combined 24,427 VPD
  • Just 0.3 Miles From Illinois 64 Entry/Exit Ramps | Major East-West Route of the US Hwy System Stretching From Maryland to California | 78,800 VPD
  • 5/6 Tenants Have 2026 Rent Bumps Ranging From 2% – 6% Increases
  • bb.q Chicken (In-Place Since 2019) Signed Recent 5-Year Extension Thru 3/2030 | 2% Annual Rent Bumps
  • Diverse Tenant Mix | Casual Dining, Financial Services, Medical Supplies, Recreation
  • 100% NNN Reimbursement of RET/INS/CAM/MGMT Expenses
  • Strong Historical Occupancy | 30.43% of GLA In-Place Since 2007
  • 7.62 Years WALT (Weighted Average Lease Term)
  • Consumer Spending of $1.265B Within 5-Miles
  • Situated Within the US Highway 50 Retail Corridor with Over 2.7 Million SF of Retail Including Walmart, Sam’s Club, At Home, ALDI, PetSmart, The Hope Depot, Dillard’s, Macy’s, JC Penney’s, At Home, The Home Depot, Kohl’s, Lowe’s, Hobby Lobby, Barnes & Noble, Lowe’s, Value City Furniture, Harbor Freight And More
  • St. Louis MSA | Population of 2.82 Million; Diversified Economy Home to HQ’s for 10 Fortune 500 Cos & 6 Fortune 1000 Cos
EXCLUSIVELY LISTED BY:

Jared Brown

Associate