
Marion Shopping Center | 2406 Williamson County Pky
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Marion Shopping Center 2406 Williamson County Pky
24,500 SF 100% Leased Retail Building Marion, IL 62959 $4,469,794 ($182.44/SF) 8.27% Cap Rate



INVESTMENT HIGHLIGHTS
- 24,500-Square-Foot, Multi-Tenant Retail Center
- Strong Tenant Base Anchored by Dollar Tree
- Fully Stabilized Asset | 100% Occupied | 100% of the Leases Are Triple-Net
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a 24,500-square-foot, Walmart shadow-anchored, multi-tenant retail center located in Marion, Illinois. Marion Shopping Center is currently 100 percent leased, and 100 percent of the leases are triple-net. Tenants consist of Dollar Tree, Belton Hearing Center, Sport Clips, Vape & Smoke Shop, Nail Salon, Baan Thai Restaurant, Sally Beauty Supply, and Maurice's. The building was constructed in 2007 and is situated on a 2.45-acre parcel with ample paved parking.
Marion Shopping Center is located in a dense retail trade area on Williamson County Parkway in the northwestern quadrant of Interstate 57 and Illinois Route 13 (West Deyoung Street). The center sits adjacent to a top-ranking Walmart Supercenter store, ranking in the 93rd percentile in both the state of Illinois and nationally, based on annual visitors to all Walmart Supercenters (source: Placer Labs Inc.). Numerous other national and regional retailers neighbor the property, including The Home Depot, Target, Dillard’s, Red Lobster, Texas Roadhouse, Cricket Wireless, Super Cuts, Hibbett Sports, GameStop, Sam’s Club, Starbucks, Sonic Drive-In, AT&T, Applebee’s, and many others. The subject property is also in close proximity to many national hotel chains such as Comfort Inn & Suites, Hampton Inn, Drury Inn, Fairfield Inn & Suites by Marriot, and Holiday Inn Express & Suites, providing additional traffic to the area. The average household income is $68,097 within three miles; $72,649 within five miles; and $78,811 within 10 miles.
Marion Shopping Center is located in a dense retail trade area on Williamson County Parkway in the northwestern quadrant of Interstate 57 and Illinois Route 13 (West Deyoung Street). The center sits adjacent to a top-ranking Walmart Supercenter store, ranking in the 93rd percentile in both the state of Illinois and nationally, based on annual visitors to all Walmart Supercenters (source: Placer Labs Inc.). Numerous other national and regional retailers neighbor the property, including The Home Depot, Target, Dillard’s, Red Lobster, Texas Roadhouse, Cricket Wireless, Super Cuts, Hibbett Sports, GameStop, Sam’s Club, Starbucks, Sonic Drive-In, AT&T, Applebee’s, and many others. The subject property is also in close proximity to many national hotel chains such as Comfort Inn & Suites, Hampton Inn, Drury Inn, Fairfield Inn & Suites by Marriot, and Holiday Inn Express & Suites, providing additional traffic to the area. The average household income is $68,097 within three miles; $72,649 within five miles; and $78,811 within 10 miles.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,500 SF
Building Class
B
Year Built
2007
Price
$4,469,794
Price Per SF
$182.44
Cap Rate
8.27%
NOI
$369,558
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
2.45 AC
Zoning
Commercial - Commercial
Parking
139 Spaces (5.67 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 06-10-476-003 | Improvements Assessment | $648,670 |
Land Assessment | $162,490 | Total Assessment | $811,160 |
PROPERTY TAXES
Parcel Number
06-10-476-003
Land Assessment
$162,490
Improvements Assessment
$648,670
Total Assessment
$811,160
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Marion Shopping Center | 2406 Williamson County Pky
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