1890 N Henderson St
Galesburg, IL 61401

Please Do Not Disturb Tenants; property tours are available by appointment; To schedule a site tour, please contact Joel Dumes at joel.dumes@marcusmillichap.com or (513) 878-7720. Galesburg Centre (the Property), is a ±40,592 SF Dunham’s Sports anchored retail center located at 1890 N Henderson Street in Galesburg, IL. Constructed in 1970, the Property contains a single story building positioned on a ±4.71 acre parcel. The Property is 100% occupied with both tenants under NNN-leases. Both tenants have shown a strong commitment to the center by executing recent lease extensions providing minimal near-term rollover risk. In October of 2023, World Buffet is slated to have a rental increase in excess of $9,000. In 2018 the Property received a complete thermoplastic polyolefin (TPO) roof replacement. The Property is positioned at a signalized intersection shared with other national retailers/QSRs and benefits from an instant consumer draw from JoAnn Fabrics, Starbucks, Applebee’s, Perkins, Taco John's, StateFarm, and Carpetland (remaining center & outlots are not included). The center as a whole offers a complimentary mix of tenancy which ensures continued consumer demand and future retailer interest. The Property is positioned along the main retail corridor and benefits from its prominence at the signalized intersection of N Henderson Street/US-150 and Home Blvd which is just south of Hwy-34. Galesburg Centre provides a convenient, easily accessible destination with heavy vehicular traffic and is identified by a large monument sign. The Property is just a short drive from the Galesburg Amtrak Station, Quad City International Airport and Peoria Airport. Galesburg Centre is also positioned near major economic generators such as the award winning OSF St. Mary Medical Center and Carl Sandburg College. The Property also offers a convenient location near major area employers including Blick Art Materials, BNSF, Galesburg Cottage Hospital and Gates Rubber Company. The Property is located within a dense residential area and benefits from favorable demographics. In 2019, the Property had approximately ±33,637 individuals residing within a five-mile radius with an average household income of ±$55,536. Additionally, within a five-mile radius the total annual specified consumer spending accounts for ±$254,678,000 with ±1,687 businesses and ±37,811 employees. Galesburg Centre offers investors the opportunity to purchase an anchored neighborhood center with stable income, minimal Landlord responsibilities and future upside.