1001-1013 Commerce Dr
Fairfield, IL 62837

Marcus & Millichap is proud to present the opportunity to acquire the fee simple interest in the Walmart Shadow Center in Fairfield, Illinois. The offering includes two multi-tenant retail centers totaling 17,465 square feet and positioned on 2.21 acres. The centers are shadow anchored by a Walmart behind it and are broken down to an 8,905 square foot six-tenant strip and an 8,560 square foot three-tenant strip. Walmart Shadow Center has a strong tenant mix with national tenants like Verizon, ATI Physical Therapy, Maurices and Belton Hearing Aids, as well as local tenants like La Fuente Mexican Restaurant and Panda Buffet. The current occupancy of the deal surpasses 93 percent providing an investment that is fully stabilized with upside in leasing the vacant suite. Most of the leases are triple net with the tenant reimbursing for their pro rata share of the expenses, however there is additional added value potential in converting La Fuente and Panda Buffet’s gross leases to triple net. Verizon Wireless just recently elected to renew their option early illustrating their success and commitment to this location, their lease now expires October 31, 2023. Walmart Shadow Center sits in front of the only Walmart in Fairfield and across the street from Frontier Community College. The Fairfield Memorial Hospital and the Wayne County Fairgounds are also across the street to the East adjacent to McDonald’s, Dairy Queen and Pizza Hut. There are several other national retailers nearby including, Dollar General, CVS and Subway. The Fairfield Municipal Airport is less than a quarter mile to the west of the Walmart Shadow Center. The subject property has immediate access to U.S. Route 45 and is in close proximity to Evansville, Indiana and St. Louis, Missouri.